Tag Archives: first time buyers

NewBuy – could it finally lend help to would-be buyers?

By Will | Published: April 4, 2012

Last month, Barclays, Nationwide and NatWest signed up to the government’s NewBuy scheme, potentially bringing good news to frustrated buyers who have struggled to raise sufficient deposits. NewBuy was launched back in early 2011 and has been given a largely warm reception. But it seems that, while many stand to benefit, it will not assist [...]

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Help for First Time Buyers Needed: They Can’t Benefit from Lower Prices

By Bill | Published: September 26, 2011

A combination of low interest rates and a depressed housing market means that the cost of renting is now greater than that of buying a property. Logically there is no better time to buy the property you live in but there must be help for first time buyers if they are to achieve that. Research [...]

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More Bad News for First Time Buyers: Rents Hit a Record High

By Bill | Published: September 21, 2011

The difficulty first time buyers are experiencing in buying a property is fuelling a steep rise in rents. ***Updated April 2012*** Figures released in August showed that the average rent in June 2011 stood at £876, the highest on record, as people either chose or were forced to continue renting as a result of the [...]

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New 100% mortgage deal launched

By Bill | Published: September 21, 2011

The 100% mortgage is back for the first time since the credit crunch. Aldermore look set to become the first lender to offer a deposit-free mortgage since they were heavily criticised as exactly the type of irresponsible lending that helped generate 2008’s economic crisis. So are we back to the bad old days? No. Aldermore, [...]

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First Time Buyers Hit by Increasing Deposit Requirements

By Bill | Published: September 19, 2011

The average deposit needed for a house is ten times the amount required 20 years ago, showing just how hard it has become for first time buyers to get on the property ladder. In 1990 the average deposit was £6,973 but that has now jumped to £65,924. Research by mortgage lender First Direct shows that, [...]

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How Does Shared Ownership Work?

By Bill | Published: September 15, 2011

Shared ownership is a UK government backed scheme to help people get onto the property ladder by sharing the cost of the mortgage with other people. This enables people to buy a house that otherwise would not be able to afford and can be a useful way for first time buyers to finally get on [...]

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Conveyancing Quote

By Bill | Published: September 15, 2011

Welcome to Conveyancing Quote. This website aims to help first time buyers understand and get through the minefield that is conveyancing, from an independent voice. From just understanding why it is needed to the features of a good conveyancing firm This site contains no advertising, no sales pitches, simply free information to help you make [...]

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