The latest report on the matter of the housing crisis in this country reveals the fact that single people or young families who live in and around York have suffered greatly due to being unable to access affordable housing. Shelter, the national homeless charity, said that over 90% of the houses were out of reach […]
Tag: First time buyers
First time buyers take advantage of plummeting interest rates in July
Over July the number of UK first time home buyers increased by 45% due to a dramatic fall in the average mortgage rates making it a more affordable prospect for many homeowners to get into the housing market. There were 26,100 new first time home buyer sales during the month of July which was a […]
House prices for first time buyers set to soar by 2020
A new report claims that first time buyer house prices are likely to increase by almost 50% by the time 2020 rolls around. The failure to build new homes in Britain and the housing crisis combined have been enough to make 2020 look pretty bleak for home owners that are looking to buy their first […]
First time buyer decorating ideas
It doesn’t seem so long ago that the housing market was thriving, but it was 2007 when house prices peaked shortly before the credit crunch hit the US economy and spread to the UK and the rest of Europe. These days it isn’t easy to get on the property ladder, with lenders displaying caution and […]
New plan introduced to help first time buyers with deposits
One of the major problems about buying a house for first-time buyers is the fact that they have to afford a large deposit. This is something that has made getting on the property ladder very difficult for people, especially those who have lower incomes. A new plan has been announced which is going to see […]
Number of first time buyers falls to lowest level for 7 months
Problems with first-time buyers being able to afford property has become major news in the United Kingdom over the past several years. The economic climate has affected the number of people able to afford properties, which has meant many young people are stuck in the rental market, unable to take that first step onto the […]
Euro crisis continues to cause problems for low deposit buyers
The continuing economic crisis in Europe has resulted in reduced lending in the residential housing market; especially for buyers with lower than average deposits. This group are usually first home owners and lending has reduced to its lowest level in nearly 12 months. The April Mortgage Monitor, which tracks trends from chartered surveyors, found that […]
First time buyers in the Midlands should check out the new Eden Fields development
As the affordability of first home ownership continues to rise, buyers are being asked to consider a development in Sedgley, which ticks all the boxes in terms of price and location. The demographics of buyers is changing, with nearly 25% expected to be first time owners, and an increasing number are becoming concerned that suitable […]
Barrett Homes aiming to get first time buyers on the Torquay property ladder
Barrett Homes have been working to get people on the property ladder in Torquay by giving them incentives and organising events to show them how it is possible for them to buy their first home. Getting on the property ladder is something that first-time buyers are finding very difficult because of the cost of houses […]
Mortgage deposits far too high for first time buyers
Buying a house has always been a stressful process, but since the banking crisis more and more people have found themselves unable to get on the housing ladder due to the banks demanding larger deposits and imposing stricter conditions on those whom they do lend money to. This means that the number of individuals, couples […]