It has been reported that as many as 65 percent of would be first time buyers that may have been hoping to get onto the property ladder before house prices start increasing again may have little or no luck, as they do not think that they will be able to afford to do so.

For the first time in many months, lenders are starting to compete for the business of first time home buyers. Just yesterday, Halifax announced a plan in which it would pay the stamp duty for first time home buyers.

When the real estate market started to show signs of decline in 2007, the first step taken by lenders was to tighten the lending restrictions for first time home buyers making it more difficult for them to obtain a mortgage.

Since the onset of the global credit crunch credit conditions and mortgage lending have become very restricted, and many people are finding it difficult to get a mortgage or other type of credit, which has had a severe knock on effect on many different industries.

According to a recent report a number of lenders are offering mortgages that do not actually exist, which is causing problems for many buyers who think that they have found the perfect mortgage deal only to find that there is no mortgage deal to be had.

Over recent weeks estate agents and surveyors have been stating that the markets could be easing and that the level of interest in property purchasing has increased as a result of rock bottom interest rates and falling house prices.

Things have not been easy for the average first time buyers for many years when it comes to getting onto the property ladder. The last ten years has seen many first time buyers priced out of the market, as property prices in the UK have rocketed, leaving many unable to entertain the idea of getting [...]

For many years first time buyers have struggled to get onto the property ladder for one reason or another. For a number of years the problem has been the soaring price of property in the UK, but more recently, even thought house prices have been falling, other problems have emerged for first time buyers. This [...]

According to a recent report the lack of first time buyers entering the housing market at present is resulting in problems further up the chain, with homeowners who are already in starter homes unable to sell up and move to larger properties due to lack of demand and poor house sale performance. The housing market [...]

Ten years ago before the housing boom in the UK began someone with £40,000 handy could look at purchasing a property outright. However, these days many will be lucky if this covers much more than the deposit on a property. A recent report has shown that the average first time buyers in London needs a [...]

Over recent months there has been a great deal of speculation over house prices in the UK, with the general consensus being that house prices are set to fall by as much as 20% over the next year or two. With house prices having soared by 200% over the past decade, this may seem like [...]

According to recent report first time buyers looking to get a footing on the property ladder in the UK are continuing to suffer, even through house prices have been falling, and are now lower than they were this time last year. Whilst many first time buyers may have hoped that falling property prices would at [...]

Most first time buyers in the UK have very little to put down by way of deposit on a mortgage, and this is because they have no previous property from which to use equity towards a deposit. In the past this has not proven too much of a problem, as many first time buyers have [...]

According to recent figures from the Bank of England, many first time buyers are now facing crippling mortgage rates, with many being hit by the highest mortgage rates in over seven years. Data from the central bank suggests that in some cases first time buyers are being hit with interest rates on mortgages that are [...]

Recent reports have suggested that first time buyers in the UK are still in the throes of an affordability crisis, despite the falling house prices and despite predictions that interest rates are set to fall a number of times this year. First time buyers have been experiencing affordability problems for some time now, and fewer [...]