Cheaper to rent in some regions

iStock_000007328454XSmallNew research, from mortgage giant Santander, reveals that in some areas of the UK it could be cheaper for prospective first time buyers to continue to rent, rather than buy a home. The research suggests that first time buyers in in London, the South East and perhaps surprisingly, Scotland, will find it cheaper to continue renting compared to buying a home. First time buyers in the capital face an average monthly mortgage outlay of £1,342 compared to an average monthly rent of £864....

Housing & mortgage round up: Encouraging news for first time buyers

Housing & mortgage round upA quiet week for housing and mortgage news with no house price surveys to report. However, if you are a first time buyer then read on, there may be some light at the end of the tunnel with the average deposit needed starting to show signs of falling. Average deposits for first time buyers fall New figures have shown that the average deposit, put down by first buyers, has fallen below 20% for the first time since the height of the credit ...