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Even as lockdown continues and Britain adapts to the coronavirus outbreak, the property market has shown tentative signs of bouncing back. Mortgage approvals have risen, some indices show house prices are up, and the homeloan freeze for those with smaller deposits has thawed somewhat. Those elements and the evidence emerging that axing stamp duty on … Read more
Rishi Sunak’s stamp duty cuts have sparked a surge in the number of home buyers and prompted an all-out bidding war as people fight to get on the property ladder. The Chancellor last month gave prospective buyers a shot in the arm as he raised the threshold on stamp duty from £125,000 to £500,000 for those … Read more
First-time buyers face rising mortgage rates as lenders hike rates on high loan-to-value loans HSBC, TSB and Skipton BS upped rates on high LTV mortgages last week Those worst affected will be first-time buyers, who typically borrow 90% of value By Sarah Bridge for The Mail on Sunday Published: 22:30 BST, 1 August 2020 | … Read more
First-time buyers face rising mortgage rates as lenders hike rates on high loan-to-value loans Some lenders increased their rates on high loan-to-value mortgages last week Those worst affected will be first-time buyers, who typically borrow 90% of value By Sarah Bridge for The Mail on Sunday Published: 22:30 BST, 1 August 2020 | Updated: 22:53 … Read more
A couple have revealed they purchased their first home amid lockdown after one virtual viewing over FaceTime – without ever having stepped foot inside the property. First time buyers Jessica Reoch, 27, an assistant project manager and her partner Gavin Jack, 28, who works offshore for an oil and gas company, from Glasgow, got the keys to … Read more
Boost for first-time buyers as lenders bring back mortgages for borrowers with a 10% deposit By Miles Dilworth For The Daily Mail Published: 22:01 BST, 21 July 2020 | Updated: 23:05 BST, 21 July 2020 Lenders are bringing back mortgages for borrowers with a 10 per cent deposit in a boost for first-time buyers. Nationwide … Read more
Nationwide Building Society will lower the minimum deposit it requires from first-time buyers to 10 per cent from July 20. It follows the Government’s announcement last week that people getting on or moving up the housing ladder will pay no stamp duty on the first £500,000 of their purchase when they move home. The stamp … Read more
A new mother has revealed how she cooks up to 33 meals a week costing £1.06 per portion after she overhauled her finances following a pay cut. Katie Watkins, 31, from South Wales, changed her spending habits after her income dropped to statutory maternity pay following the birth of her daughter Elsie, two. Husband Luke, a … Read more
First-time buyers forced to fall back on family as banks pull big home loans: You now need a 15% deposit to get a mortgage with the Nationwide The number of high loan-to-value mortgage deals on the market remains low First-time buyers currently see their choice of mortgage severely restricted Mortgages that link a loan to … Read more
First-time buyers looking to get on the property ladder following the coronavirus crisis may face a £12,000 gap in their finances as banks offer only high-deposit mortgages. The Government reopened the housing market last week after it was effectively shut down in March in response to the COVID-19 pandemic. But because of fears of a … Read more