According to research from Sprive, of the 827,000 first-time buyers who bought with a mortgage in 2023-24, 11.5% were aged 45 or over. This is almost triple the 3.6% figure recorded in 2019-20.
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Mortgage guarantee scheme to be made permanent from July
The mortgage guarantee scheme which helps buyers with a small deposit purchase a property is being extended permanently, the government revealed yesterday.
Read MoreMy income is topped up with universal credit. Can I still get a mortgage?
Question: I am trying to apply for a mortgage, and though I work, part of my income is topped up with universal credit (UC). How will this affect my income as assessed by a mortgage lender and will it affect eligibility?
Read MoreInterest rates set to be held at 4.25 per cent – what it means for mortgages
The Bank of England will hold interest rates at 4.25 per cent on Thursday, economists predict, which could mean higher mortgage rates for longer.
Read MoreRenters Rights Bill might destabilise housing market says data expert
A co-creator of the Halifax house price index is warning that Angela Rayner’s Renters Rights Bill could destabilise the housing market.
Read MoreRise in young people becoming landlords instead of home owners
Claim is made by NI agent John Minnis, who says his estate agency has seen more 20 and 30-year-olds investing in BTL instead of buying their own home.
Read More‘Make or Break’ Spending Review: What it means for landlords
As Chancellor, Rachel Reeves, prepares to unveil her first Spending Review, public affairs manager, Ellie Bateman, highlights some of the difficult decisions being made that will shape public spending over the coming years – and how these could impact you as a landlord.
Read MoreNew mortgage for HMOs based on EPC rating and council licensing
Specialist mortgage lender Pepper Money has launched its new product for Houses of Multiple Occupation.Â
Read MoreA third of Britons want to own a buy-to-let… but is it still a good idea?
Taxes, regulations and mortgage costs are making it tougher to make a profit
Read More6 ways first-time buyers can boost their credit score
A top tip for first-time buyers wondering how to get the best mortgage rate possible to work on boosting your credit rating.
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