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I sold someone a Supreme x North Face jacket at the beginning on the year on eBay. I took photos of the item I was sending as I packaged it up and sent it via Royal Mail Special Delivery, as the jacket was worth more than £400, on 5 January. On 9 January, the buyer … Read more
Getting on to the property ladder is an aspiration shared by millions of people across the UK. Roughly two in five UK households are in the private or social rented accommodation according to ONS figures, and many will have aspirations to buy. However, rising house prices mean that becoming a homeowner can seem an increasingly … Read more
A first-time buyer who got excited after finding a ‘cheap’ property online has told how he realised ‘something wasn’t right’ when he looked it up on Google Street View – and spotted a policeman outside. Scottish comedian Darren Connell said he’s been saving for a house for some time and was intrigued when he found the … Read more
The lockdown property market mini-boom that sent house prices climbing spelt bad news for first-time buyers last year. Against a backdrop of rising property prices and a mortgage crunch as banks and building societies reined in lending, the size of the average first-time buyer deposit by nearly £11,000 last year to more than £57,000 – … Read more
Bank of Glum and Dad: Parents feel squeeze as first-time buyer deposits rocket up to 25% to almost £60k House prices reached record highs in November, with the average deposit for first-time buyers leaping to nearly £60,000 Previous research showed more than half of first-time buyers under 35 relied on money from their parents Soaring … Read more
The average first-time buyer must save more than a year’s salary to put down a deposit on a house, according to new data. A 20 per cent deposit on a home now equates to 104 per cent of annual pre-tax income of the average worker, Nationwide Building Society says. This figure, which applies to the … Read more
A first-time buyer has revealed how she completely transformed her ‘atrocious’ mould-covered home into a chic property – adding £45,000 to its value. Amberley Rainey, 37, from Wirral, spent £18,000 on the extensive renovations and is now reaping the rewards, with the home now worth £220,000. The officer manager says the three-bed house was a … Read more
A first-time buyer with a staggering £4 million budget will struggle to choose between a home with a cinema, a 15th century cottage and a sprawling property with its own orangery in a fly-on-the-wall documentary about Britain’s most expensive houses. Zak Johnson, 34, who runs a sustainable fashion brand, and his girlfriend Charlie have been … Read more
First-time buyer boost: NatWest joins growing list of lenders relaunching mortgages needing 10% deposits that were pulled in the Covid-19 pandemic Four new products available at NatWest and Royal Bank of Scotland The two and five-year fixed term deals will require a 10% deposit They are open to both first-time buyers and home movers Yorkshire … Read more
Aspiring homeowners hoping to buy their first property with a 10 per cent deposit face limited choice and higher costs than they did a year ago. Of the 86 mortgages available to first-time buyers with a 10 per cent deposit, only 25 of these mortgages are available to all, according to analysis by Defaqto. It … Read more