Help to Buy sends number of first-time buyers into the 12-year record books
The number of first-time buyers reached a new high last year – with the catalyst being Help to Buy, the scheme that helps purchasers of new-build homes only. According to trade body UK Finance, there were 370,000 new first-time buyer mortgages completed last year, some 1.9% higher than in 2017. This is the highest number […]
Young couples losing out on family life as house prices soar
Millennial couples are delaying having children and “putting their lives on hold” because of the sky-high cost of housing, “shocking” figures show. Young couples are two times more likely than 35-54-year-olds to delay having children in a bid to get onto the property ladder, according to numbers crunched by mortgage broker Trussle. The analysis also […]
Ranked: Best and worst cities for first-time buyers
London is the worst place in the UK to buy a home for first-time buyers, according to price comparison website Money Super Market’s First Time Buyer Index. The inaugural survey analysed 35 UK cities against key criteria for first-time buyers, including the cost of a one-bedroom property, crime statistics, job opportunities and average salary in […]
The average first-time buyer is now seven years older than in 1960
The average first-time buyer is now seven years older than in 1960 and needs to save around £20,000 to be able to buy a home, a study has found. Researchers who polled 2,000 adults found a huge difference in the profile of someone buying their first home through the generations. Today, first-time buyers will be […]