What Sydney’s latest lockdown restrictions mean for first-time buyers about to purchase their home

Public auctions and open homes will be banned in Sydney this weekend as part of an even stricter lockdown. With Australia’s biggest city recording 44 new cases, Health Minister Brad Hazzard declared the traditional Saturday morning bidding in the backyard would be off. ‘Certainly in greater Sydney, there are no open houses for real estate,’ … Read more

Why there’s still hope for first-time buyers

Soaring house prices have left many first-time buyers struggling to get on the property ladder.  The cost of the average home has jumped by 10.9 per cent to £242,832 in only 12 months, according to Nationwide.  It means that even with generous tax breaks and rock-bottom mortgage rates, the reality of home ownership is slipping … Read more

Government First Homes plan offers HALF PRICE properties to first-time buyers –

First-time buyers in England could get a home for up to half price after the Government launched a new affordable housing scheme. The scheme is known as First Homes, and the first properties built under it went on the market in the East Midlands market town of Bolsover today. With house prices having surged by … Read more

First-time buyer mortgage rejections spike: Here’s how to boost your chances of being accepted

First-time buyers are more likely to be rejected for a mortgage than they were before the pandemic, a new study has found. Only one in five prospective first-time buyers were able to get a mortgage on their first attempt, according to Aldermore Bank’s annual survey of people who have got on the housing ladder. This … Read more

Nationwide lets first-time buyers borrow 20% MORE – if they lock mortgage rate for five years 

Nationwide lets first-time buyers borrow 20% MORE as it raises mortgage limit to 5.5 times salary – but they must lock in for five years  UK’s second-largest mortgage lender changes loan-to-income calculation – but only for first-time buyers fixing their rate for between five and 10 years They will be able to borrow 5.5 times … Read more

First-time buyers can get on the property ladder with just a 5% deposit under a new scheme

95% mortgage deals backed by the state: First-time buyers can get on the property ladder with just a 5% deposit under a new scheme launching today High street banks including Lloyds, Santander and Barclays will start offering state-backed mortgages under a government scheme launching today Both first-time buyers and current homeowners will be able to … Read more

Location, Location, Location viewers slam ‘pretentious’ first-time buyers

Viewers branded it ‘karma’ after a couple missed out on their dream first property together after squabbling over paying an extra £5,000 to secure the final deal on Location, Location, Location – despite it being £30,000 under their £750,000 budget.  In last night’s episode of the Channel 4 show, professional dancer Georgie and insurance underwriter … Read more

How first-time buyers are saving up to £800 a year compared to renters, Halifax data shows

First-time buyers are saving up to £800 per year compared to the average renter across the UK, recently released figures reveal.  Those looking to get onto the property ladder for the first time are making the biggest savings in London and the south east, according to the data from Halifax. In these regions property investors … Read more

How first-time buyers are saving up to £800 a year compared to renters, Halifax data shows

First-time buyers are saving up to £800 per year compared to the average renter across the UK, recently released figures reveal.  Those looking to get onto the property ladder for the first time are making the biggest savings in London and the south east, according to the data from Halifax. In these regions property investors … Read more