According to recent reports the average amount of deposit that is required by first time buyers in Scotland has increased by a shocking 154 percent since 2007. (more…)
Posts Tagged ‘first time buyer’
154 percent increase in deposits required by first time buyers
Thursday, March 4th, 2010
Buyers In Bloxham Can Continue To Enjoy Stamp Duty Holiday
Thursday, January 21st, 2010Last year saw the government launch a stamp duty holiday for buyers that were purchasing property up to the value of £175,000. Previously the only properties that were exempt from stamp duty were those that were up to the value of £125,000. (more…)
Could shared ownership be the answer to your property dreams?
Saturday, December 19th, 2009For many would be first time buyers the dream of homeownership has never been quite within reach. For many years the price of property in the UK was so high that most first time buyers did not have the income to get the mortgage that they needed, despite the fact that many lenders were increasing income multiples to as high as six or seven times the income. (more…)
Stamp duty suspension was not as useful as hoped
Saturday, November 28th, 2009Last year the government in the UK suspended stamp duty on properties between £125,000 and £175, 000 in value in the hope of helping to revive the struggling property market by increasing affordability for first time buyers. (more…)
Tips to get onto the property ladder
Wednesday, March 5th, 2008Over recent years the prospect of being able to get onto the property ladder has become a very bleak one for many people, with rising property prices, rising interest rates, and rising living costs all adding to the financial strain experienced by consumers. In addition to this the global credit crunch has resulted in tighter lending conditions, which has made it increasingly difficult for many people to raise the money that they need to get onto the property ladder. (more…)
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