Mortgages: Thousands of first time buyers take advantage of Help to Buy

iStock_000001310973XSmallNew figures have shown how thousands of first time buyers have taken advantage of the Government’s Help to Buy scheme. The data released by the Department for Communities and Local Government (DCLG), shows 5,375 new homes have been bought over the past six months using the Help to Buy Scheme. Encouragingly 92% of the homes were bought by first time buyers; one of the groups Help to Buy was designed to help. The average price of property bought under the scheme ...

Housing & Mortgage Round Up: Mortgage rates at lowest level for over two decades

Housing & mortgage round up_istockphotoA week without house price surveys, but we’ve still found plenty to report for those people who need their weekly fixed of housing and mortgage news. This week we look at low mortgage rates, a new entrant to the mortgage market and calls for the government to do more to address the shortfall in affordable housing. Mortgage rates at lowest level for two decades New data from Moneyfacts has shown that mortgage interest rates are ...

Housing & mortgage round up: NewBuy concerns as mortgage lending rises, but so do interest rates

Housing & mortgage round upIn another week packed full of housing news, we take a look at concerns over the NewBuy mortgage scheme and a rise in mortgage approvals. It also seems that interest rates are on the rise as the crisis in the Eurozone continues to affect the UK mortgage market. Concerns mount over NewBuy mortgage scheme Are you looking ...