Articles Tagged With: First Time Buyers

LloydsTSB is offering a new incentive to consumers seeking cheaper mortgage rates. Current account customers who deposit £1,000 or more each month and take out a new LloydsTSB mortgage qualify for

High street lender Chelsea Building Society has launched a new range of mortgages for people seeking to borrow up to 85 per cent of the value of their homes. The new products, which are targeted at first-time

Borrowers with small deposits are paying substantially more for mortgages than in the recent past, it has been reported. According to David Black, banking specialist at Defaqto, there are still relatively

The number of people trying to buy or sell homes increased in the past month, according to figures from the National Association of Estate Agents NAEA. Data from the body highlighted that the number

Government support is "essential" to help first-time buyers establish a foothold on the housing ladder, one expert has claimed. Rebecca Roberts-Hughes, research officer at Metropolitan Home Ownership,

Principality has reported a 187 per cent increase in the number of borrowers taking out a mortgage in the first three months of this year. The Welsh building society witnessed its largest volume of mortgage

House prices rose by 0.7 per cent month-on-month in March, according to the latest figures published by one high street building society. Nationwide reported that the average price of a home in March was

The Council of Mortgage Lenders CML has cautiously welcomed the new stamp duty concession for first-time buyers, which could help young people take advantage of cheaper mortgage rates. Chancellor Alistair

Yorkshire Building Society has reduced the cost of its two-year fixed-rate mortgage for buyers with a 15 per cent deposit. In news of interest to those seeking cheaper mortgages, the rate has been cut

Housing deposits remain a "major problem" for potential first-time buyers, even when cheap mortgage rates are available, according to the Council of Mortgage Lenders CML. Bernard Clarke, communications

A drop of £300 in income would cause one in four people to default on their mortgage payments, it has been reported. Research conducted by Callcredit, which interviewed professionals in the 35-44

A new mortgage product range has been launched by The Mortgage Works – a subsidiary of Nationwide Building Society – which allows a guarantor to cover up to 30 per cent of the purchase loan. The

Santander has reduced rates by up to 0.40 per cent across its four-year fixed-rate mortgages, increasing the options available to homeowners. The bank is now offering a four-year fix at 4.49 per cent with

Additional market competition has led to the emergence of cheaper mortgage rates, according to one lender. Andy Pratt, chief operating officer at Alexander Hall, said confidence is gradually returning

The increasing tendency among lenders to offer higher loan-to-values is a positive sign for those seeking cheap mortgage rates, it has been claimed. Ben Wilkie, editor of What Mortgage, said the market

UK house prices have fallen for the first time since the second quarter of 2009, it has been reported. Latest figures from Nationwide indicate that prices fell by one per cent during February after nine

Plans to allow additional online competition in the mortgage industry have been backed by Briffy.com. David Amstell, founder of the property website, said such a development could help keep prices in check,

The Post Office has announced the upcoming launch of a new range of 75 per cent loan-to-value LTV mortgages, aimed at enabling more first-time buyers get a foot on the property ladder. The new range,

The average price of houses across the UK is predicted to rise by more than six per cent this year, according to the Centre for Economic and Business Research. It claims that by 2014, prices are likely

The house price rises seen throughout the last decade are unsustainable, it has been claimed. According to a new report from Halifax, the average property increased in value by 105 per cent in the 2000s,