Property tax rumours could impact homes valued at over £500,000, potentially triggering a housing market slowdown, Zoopla has warned.
Read MoreZoopla: Property tax speculation creates uncertainty for a third of home buyers
Tag: Zoopla
Stamp duty seen as ‘biggest barrier’ to moving: how to save when buying a home
First-time buyers and existing homeowners in England and Northern Ireland now have to pay more
Read MoreFirst-time buyer mortgage costs are ‘20 per cent lower than rents’ with a £50,000 deposit
First-time buyer mortgage payments could be around a fifth lower than average rents if buyers have a 20 per cent deposit saved
Read MoreBuying cheaper than renting despite tough mortgage stress tests
Zoopla says first-time buyer mortgage payments (an average £1,038 per month) are 20% lower than average rents (£1,248 per month) across Britain.
Read MoreFirst-time buyer? Get £5,000 cashback on your mortgage with this easy tip
From sky-high property prices to chipping away at the deposit fund, getting on the housing ladder in the UK as a first-time buyer is no mean feat.
Read MoreNo End In Sight! Rental stock shortage to run into 2025
The huge imbalance between supply and demand in the private rental sector will continue into 2025, says Zoopla.
It says that the demand for rented housing has slowed as one -ff pandemic factors start to fade and lower mortgage rates help some renters buy their first home.
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