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 ...

Housing & mortgage round up: Life still tough for first time buyers, whilst mortgage lending falls

Housing & mortgage round upA number of stories this week confirm just how tough life is for would-be first time buyers wanting to get onto the housing ladder. Rents are rising, so too is the number of people getting into arrears and the amount of deposit required to secure a mortgage is simply unaffordable for many; read on to learn more. Also this week, mortgage lending has fallen again, and is now significantly below the levels of this time last ...

Funding for debt advisers scrapped

Funding for free debt advisers will not be renewed. Debt advice requests could reach 1.6 million this year. Debtors could find it harder to get the help they need from experts as hundreds of debt advisers have stopped taking cases due to lack of funding. Since 2005 about 500 UK debt specialists have received £25 million of funding a year to provide free advice to people struggling with debt through the Financial Inclusion Fund. However, the scheme will not be renewed by the government this year, which means many advisers will face redundancy and thousands of Britons may be unable to get hold of the help they need.