Rachael Sinclair News Today

Radical action is needed to turn around a slump in the number of people able realise their home owning dream, according to the Building Societies Association.

The Building Societies Association has called for radical housing reform to halt the decline in home ownership as the number of outstanding owner-occupier mortgages is down by two million from its 2002 peak. First-time buyers are increasingly reliant on the Bank of Mum and Dad and on combining two incomes in order to

Finance industry leaders are demanding radical moves to help first time buyers who are facing the worst time to buy a home in 70 years. (Stock Image)

The government’s mortgage guarantee scheme accounts for just over 1.5% of all home loan completions since it was launched in 2021, according to official figures.   The plan, which mainly helps first-time buyers with 5% deposits to buy a home, has been used in 39,253 mortgage deals since it was introduced in April

The scheme, introduced in 2021, helps first-time buyers take out a mortgage with a five per cent deposit on homes worth up to £600,000.

Chancellor Jeremy Hunt has extended the mortgage guarantee scheme by a further 18 months to close at the end of June 2025 – leaving property professionals largely underwhelmed.   The government plan, which mainly helps first-time buyers with 5% deposits to buy a home, was due to come to a halt at the end of this

Nationwide is calling for greater government support for first-time buyers ahead of the Chancellor’s Autumn Statement as rising costs delay owning a home. Nationwide has published a range of measures needed to make a positive difference, especially for first-time buyers. It includes: commissioning an independent

Aegon UK has extended its strategic partnership with Nationwide Building Society to take on the building society’s existing financial planning service.

Aegon UK has extended its partnership with Nationwide Building Society which will see its advisers join Aegon’s online offering Investor Portfolio Service.

Demand to celebrate business success and an increasing interest in attending the Grand Business South Awards function has moved organisers to host...