Existing homeowners overtake first-time buyers as biggest source of demand in housing market By Daily Mail City & Finance Reporter Published: 21:50 BST, 27 September 2020 | Updated: 21:50 BST, 27 September 2020 Existing homeowners have overtaken first-time buyers as the biggest source of demand in the housing market. Online estate agent Zoopla said the … Read more
First-time buyers DENIED amid the housing market boom: Lack of mortgages forces HALF would-be homeowners to shelve purchase plans Nearly half of first-time buyers say their home buying plans have been delayed One in five says they had to pull out of buying a property due to lockdown This comes as the property market booms … Read more
Age of the 20% deposit dawns: Misery for first-time buyers as mortgage firms demand a FIFTH of price of new home – while existing owners enjoy boom in sales thanks stamp duty freeze More than 300 mortgage deals for borrowers with 15 per cent deposit are axed Not one high street bank offered mortgages for … Read more
First-time buyers and families risk being priced out with house price growth at its strongest level since 2016, the Royal Institution of Chartered Surveyors said today. ‘Virtually all parts of the UK are now seeing prices increase’ to some extent, with buyers facing a ‘sharp acceleration’ in prices up and down the country in August, … Read more
Will the first rung of the housing ladder soon be off limits? Fears surface for first-time buyers as lenders pull low-deposit mortgages from the shelves Experts are worried first-time buyers may soon be priced out of the market There are now just 51 deals for buyers with a 10 per cent deposit to choose from Mortgage … Read more
First-time buyers hit as HSBC pulls 90% mortgages amid worries that a surge in applications would ‘put property purchases at risk’ HSBC will temporarily suspend deals for borrowers with a 10 per cent deposit Most lenders pulled these deals earlier this year due to reduced staff numbers As of this morning there were just 62 … Read more
MORTGAGE MAYHEM: First-time buyers and families craving more space after lockdown are facing chaos when applying for a mortgage Demand soars as first-time buyers apply for mortgages after stamp duty cut But mortgage firms are hiking rates and axing deals amid tide of applications Kelly Nixon nearly missed out on her first home in Washington, … Read more
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