£5,000 annual increase in the average cost of a mortgage for some borrowers
Over the course of the series of rate hikes taking the base rate from 0.1 to 4.5, the average monthly tracker mortgage payment has risen by…
Source: eadt.co.uk
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First time buyers are back in with a chance and how the LISA scheme is helping with a deposit
There are rumours that the government is planning a new version of the Help to Buy equity loan scheme as part of its next election manifesto.The scheme helped first-time buyers to purchase a new-build property with a five per cent deposit and an equity loan from the government of up to 20 per cent of the property’s value to be paid back interest-free over five years.Whether an altered version appears or not only time will tell. House builders will certainly be hoping so as will many would-be first-time buyers who need all the help they can get, though there has been criticism of Help to Buy ...
Source: yorkshirepost.co.uk
First-time UK buyers 'seeking smaller homes' amid mortgage rises
First-time buyers are increasingly favouring smaller properties as they adjust their expectations amid higher mortgage rates and look to get away from rapidly rising rents, according to a property... | May 3, 2023
Source: marketscreener.com
First-time buyers 'seeking smaller homes amid higher rents and mortgage rises'
The property website said first-time buyers are increasingly favouring two-bedroom flats.
Source: lbc.co.uk
First-time buyers 'seeking smaller homes amid higher rents and mortgage rises'
The property website said first-time buyers are increasingly favouring two-bedroom flats.
Source: standard.co.uk