Recent figures have suggested that the level of first time buyers in the UK have fallen to the lowest in the period of a year. The National Association of Estate Agents has stated that the number of first time buyers entering the property market has fallen to the lowest level this year, and is in fact at its lowest since November of 2008. (more…)
Posts Tagged ‘first time buyers’
First time buyers at lowest level in a year
Saturday, January 2nd, 2010
Increased demand for mortgage advice from first time buyers seen as sign of recovery
Thursday, November 19th, 2009According to a recent report there has been a rise in the number of enquiries for mortgage advice from first time buyers of late, and this has been seen as a sign of recovery in the property market. (more…)
Mortgage lending propped up by first time buyers
Monday, November 16th, 2009It has been claimed that the mortgage lending sector for the month of August was largely propped up by first time buyers.
The month saw a drop in the number of people looking to remortgage, but there was a return to the market – albeit a gradual one – of first time buyers who helped to keep the sector buoyant. (more…)
First time buyers get some good news
Thursday, November 5th, 2009Earlier this month struggling first time buyers in the UK received some good news after Abbey, which is owned by Spanish bank Santander, accounted that it was scrapping the legal fees on some of its mortgage loans. (more…)
Property still not affordable enough for first time buyers
Monday, November 2nd, 2009Since the property market peaked back in 2007 property prices in the UK have plunged, sending many homeowners spiralling into negative equity and wiping tens of thousands of pounds off the price of properties. (more…)
Tips for First Time Home Buyers
Tuesday, October 20th, 2009Buying your first home is an exciting, yet daunting experience. It is likely that this purchase is the biggest financial commitment you will ever make in your life and the prospect of taking out a loan that will take you about 25 years to repay is something that could keep you awake at night. (more…)
Many first time buyers have been seeking mortgage advice
Sunday, September 13th, 2009It has been revealed in a recent industry report that many first time buyers have been seeking mortgage related advice in the current difficult financial climate, as they desperately try and get their foot onto the property ladder. (more…)
How first time buyers are faring in the current climate
Monday, August 24th, 2009It seems that no matter what happens first time buyers in the UK are destined to get a raw deal when it comes to trying to get onto the property ladder. (more…)
Lenders warn over increased expense on mortgages
Thursday, August 13th, 2009A warning has been issued by lenders with regards to the expense of mortgages, with officials stating that restraints on mortgage lending are set to continue, and certainly aren’t likely to ease up in the near future. (more…)
First time buyers could enjoy lower deposits this summer
Wednesday, July 22nd, 2009It has been suggested that first time buyers could finally see some light at the end of the tunnel this summer, as there may be mortgages available that do not demand impossibly high deposits from borrowers. (more…)
Mortgages for first time buyers dwindling
Friday, July 10th, 2009mThe number of mortgages available for first time buyers is dwindling according to a recent report, dealing yet another blow to the many first time buyers that are already struggling to get onto the market. (more…)
65 percent of would be first time buyers face gloomy outlook
Tuesday, June 30th, 2009It 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. (more…)
Good News from Lenders for First Time Home Buyers
Wednesday, May 20th, 2009For 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. (more…)
Markets are Finally Opening for First Time Home Buyers
Monday, May 11th, 2009When 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. (more…)
Property sales sink again in February, states RICS
Thursday, March 26th, 2009Since 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. (more…)
Phantom mortgage cause problems for homebuyers
Sunday, March 22nd, 2009According 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. (more…)
Getting into the property ladder still a problem for first time buyers
Thursday, March 12th, 2009Over 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. (more…)
First time buyers paying a fortune on mortgages
Saturday, December 27th, 2008Things 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 on to the property ladder because of the cost of buying a home. However, property prices have been falling over the past year, and are expected to continue falling for the foreseeable future. (more…)
Parents providing help to many first time buyers
Friday, December 19th, 2008For 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 includes far tighter credit conditions, making it difficult for some first time buyers to get finance, and higher deposit requirements from lenders, which decreases affordability for the average first time buyer. (more…)
Lack of first time buyers causes problems throughout housing market
Wednesday, July 30th, 2008According 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 has seen a real slump in sales figures, and many people have found that they cannot sell their homes because first time buyer numbers have dwindled. (more…)
Much higher deposits needed by first time buyers
Wednesday, July 23rd, 2008Ten 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 whopping deposit of around £32,500 these days, as lenders are now asking for around 13% of the property value by way of a deposit. (more…)
The struggle gets tougher for first time buyers
Thursday, May 29th, 2008Over 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 a drop in the ocean – particularly considering that the average income has only gone up by around 53% in the same period. However, it is the news that many first time buyers have been waiting for, as for many falling house prices meant that they could finally look at getting their foot onto the first rung of the property ladder. (more…)
Struggle continues for first time buyers
Sunday, May 25th, 2008According 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 last give them a chance to get onto the property ladder they have found a number of other obstacles in their way over recent months. (more…)
Crippling mortgage rates for first time buyers with no deposit
Thursday, March 27th, 2008Most 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 been able to access 100% mortgages – or even 125% mortgages – which has meant that they could get away with little or no deposit. (more…)
Many first time buyers facing soaring mortgage rates
Thursday, March 20th, 2008According 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 at the highest since 2000. (more…)
The first time buyer affordability crisis continues to hit
Monday, February 25th, 2008Recent 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 and fewer first time buyers find themselves in a position to get onto the property ladder. (more…)