Mortgages: Concern rises over Help to Buy

iStock_000004085541_ExtraSmallJust a few days after Vince Cable, the Government’s Business Secretary, warned the Help to Buy scheme could lead to a housing bubble, a pressure group has raised further concerns. The scheme was announced by George Osborne in his spring budget, with the first part being launched immediately and the second starting in early 2014. However, whilst Help to Buy, along with the Funding for Lending scheme, certainly seems to have a positive impact on the housing market, it has come under criticism from various ...

Mortgages: Lending to first time buyers jumps sharply

iStock_000004085541_ExtraSmallThe latest figures from the Council of Mortgage Lenders (CML), have shown a 42% rise in the number of first time buyers, compared to 12 months ago. Lending to home movers and people remortgaging their property also rose, but the increase in number of first time buyers, who are so vital to the housing market, is particularly significant. Spurred on by government incentives such as Help to Buy and the Funding for Lending scheme, which has pushed down interest rates, 25,100 first time buyers ...

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 ...

Mortgage & Housing round up: House prices rise amid fears of another housing ‘bubble’

Housing & mortgage round up_istockphotoJust as the market is recovering from the last housing ‘bubble’ being burst another is being predicted. We’ve pulled together this and the rest of the week’s housing and mortgage news, including a rise in mortgage lending, plus news that borrowers in the north of the UK are more likely to be in negative equity or have arrears and a look at the rising cost of renting. Mortgage arrears and negative equity worse in ...