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 ...

Mortgages: 60% of renters can’t afford to buy a home

iStock_000001437287_ExtraSmallDespite various government initiatives, such as the Funding for Lending and New Buy schemes, new research has confirmed renters are finding it increasingly hard to get onto the housing ladder. The figures from the estate agent, Right Move, show the number of people ‘trapped’ in rented accommodation has reached the highest level for over two years. The study of 3,000 people found: 60% of renters said they could not afford to buy a home Only 15% of people surveyed said they were on track ...

Housing: Average asking price hits £250,000

English HomesAccording to Right Move, the UK’s largest estate agent, the average asking price for a property in the UK has now risen to £252,978; 1.2% higher than this time last month. Right Move’s latest figures also indicate that the rise in property prices experienced by the South East over the past few months is now spreading to the rest of the UK. Are you ...

Housing & Mortgage round up: House prices continue to rise, whilst the OFT warns people seeking a quick sale

Housing & mortgage round up_istockphotoA real mix of stories in this week’s housing and mortgage round up, including news that a major bank has been forced to write to over a quarter of a million of borrowers, whilst house prices continue to rise and the OFT issues a warning to people looking to sell their home quickly. Santander told to contact over a quarter of a million borrowers Santander has been told by ...