6 Hints & tips to help your children get onto the housing ladder

ladder to the sky A recent survey from the housing charity Shelter, has showed just how hard it is for many would-be first timebuyers to get onto the housing ladder. The full survey results can be found by clicking here. The main findings though were shocking: The average purchase price paid by a first time buyer in England is £139,920 The average deposit put down is £27,894, equivalent to 20% of the purchase price It will take a couple ...

23 years to save for a house deposit? It really could take that long

iStock_000002419188XSmallA financial provider has revealed it could take tenants more than 20 years, to save the money required to put down as a deposit on their first house. Too Expensive Scottish Widows, who conducted the survey, discovered the average renter will save around £2,000 a year towards a house deposit. This means that it could take a whopping 23 years, to save the average £50,000, required to make the down payment on their first house. The survey, which involved ...

Housing & mortgage round up: Good news for rural homeowners, whilst asking prices and mortgage lending falls

Housing & mortgage round upThere’s good news this week for rural property owners, whilst more signs emerge of a stagnant housing market as asking prices and mortgage lending falls. Rents are on the rise again, causing more hardship for first time buyers, trying hard to save a deposit. Good news for rural homeowners Are you looking for mortgage advice?...

Mortgages: University debt hits first time buyers

New research has shown just how hard graduate, first time buyers, are hit by the debts built up during their years at university. New figures from the Royal Bank of Scotland (RBS), have shown that not only will first time buyers with student debt, find it harder to save for a deposit,  the loans will also impact on the size of mortgage they can afford to repay. Harder to save for a house deposit The figures from RBS show that student loan repayments will eat up 7% of the disposable income available to a graduate first time buyer, after essential bills are paid....