Mortgages: First time buyers still forced to find large deposits

iStock_000014463093XSmallNew figures show that despite the introduction of the Funding for Lending scheme, the average deposit put down by first time buyers has hardly changed over the past year. According to new figures from the Council of Mortgage Lenders (CML), first time buyers put down an average deposit of 19% in April, almost unchanged from the figure a year ago of 20%, The CML’s research also showed little change in the amount of money mortgages lenders are prepared to loan to first ...

What now for Harlequin Property investors? 6 hints and tips

Hints and tips 150 px_istockThe past few weeks have been turbulent to say the least for the thousands of Harlequin Property investors who have had to contend with delayed completions, missed interest payments and poor communication from Harlequin themselves. There have also been investor meetings and Harlequin open days to attend, a constant stream of negative publicity, on-going investigations by the Serious Fraud Office (SFO) and now it seems the Insolvency Service. Add in the move to put Harlequin Property into administration ...

Mortgage & housing round up: A week of good news for first time buyers, whilst house prices rise

Mortgage & housing round up: A week of good news for first time buyers, whilst house prices riseOur housing and mortgage round up this week includes two stories which will give encouragement to any would-be first time buyers hoping to get onto the housing ladder in 2013, despite the average deposit needed still being way out of reach for many. We also look at why some of us are turning into permanent renters, ...

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 ...