First time buyers surges as more plan to leap onto the property ladder

ladder to the skyThe number of first time buyers jumping onto the property ladder has hit levels not seen since the peak of the last property boom. The latest figures from the Council of Mortgage Lenders (CML), show that the number of mortgages offered to first time buyers is up by 33% on the same time last year, whilst total lending to first timers is up a massive 48% on this time 12 months ago. The number of first ...

Signs of life in the housing market

OLYMPUS DIGITAL CAMERAAs we head into spring, a new survey has revealed further signs of life in the UK housing market. The research, carried out by the Royal Institution of Chartered Surveyors (Rics) has revealed house sales in the UK reached a three year high during March. The Rics housing market survey, showed estate agents had, on average, sold 17.4 houses each during the past three months; the highest level since March 2010. The figures from Rics are echoed by those from HM Revenue and ...

Housing & Mortgage Round Up: Help to Buy unveiled, whilst first time buyers continue to struggle

Housing & mortgage round up_istockphotoA huge amount of housing and mortgage news to catch up on this week, with the main headlines being grabbed by the unveiling in the Budget of the Help to Buy scheme, designed to provide much needed help to people to get on and also move up the housing ladder. There is also news confirming just how negative many would-be first time buyers feel about the housing market, perhaps confirming the ...

Housing: House sales plummet almost 40%

Further evidence has emerged of just how far the housing market has fallen since the peak of the last housing boom in 2007. A new survey has shown that the number of house sales has dropped by nearly 40% over the past five years and that houses are taking longer to sell. The figures, produced by the Royal Institution of Chartered Surveyors (RICS), show that in the three months to May 2012 15.6 completed sales were made per surveyor, a massive drop on the same period in 2007 at the height of the housing boom, when 25.4 sales were made. The fall in ...