Mortgage Advice for First Time Buyers, First Time Buyer Mortgages and First Mortgage Advice

 

29-Jun-2007
New figures from the Land Registry have shown that house prices rose by 0.7 per cent in May and 8.9 per cent over the year as a whole, compounding first time buyer worries following the publication of figures from Nationwide earlier this week.
29-Jun-2007
First time buyers and other homeowners who are set to move home in the summer months should pay attention to mortgage repayments at the same time as they are selecting their property of choice, it has been advised.
29-Jun-2007
The number of Britons who own a home has almost doubled in the past 50 years in spite of the affordability crisis now threatening to engulf first time buyers, new research has revealed.


29-Jun-2007
Buying a house is simply not an option for many first time buyers, a mortgage lender has commented, with the private rented sector experiencing strong growth as a result.
28-Jun-2007
First time buyers looking for innovative ways to get their foot onto the property ladder have been alerted to the fact that a selection of homes in Southampton have been made available as part of a "move in for £99" deal.
28-Jun-2007
The mortgage interest relief at source (Miras) tax scheme should be brought back in order to help first time buyers, a leading industry figure has advised.
28-Jun-2007
First time buyers are still able to borrow enough capital to fund a house purchase even if they have poor credit records, the Mortgage Advice Bureau (MAB) has announced.
28-Jun-2007
House price growth in June rose ahead of expectations to record the highest rate of annual growth for two years, it has been revealed, further highlighting the affordability crisis faced by first time buyers.
27-Jun-2007
Increasing concerns over job security could ultimately lead to a market slowdown, but in the meantime are simply providing a further financial worry for first time buyers, it has been suggested.
27-Jun-2007
A series of converted buildings are now available for purchase by homebuyers following the completion of a significant restoration project, it has been advised.
27-Jun-2007
Mortgage demand from banks rose to its highest level since the turn of the year in May, new figures have revealed, but first time buyers are likely still struggling despite more competitive deals being offered by banks.
27-Jun-2007
Around one in 12 prospective first time buyers say they would be happy borrowing amounts worth five times their salary or more, new research has revealed.
26-Jun-2007
Developers have announced the launch of a new initiative aimed at providing affordable housing to first time buyers in the Midlands.
26-Jun-2007
News that Gordon Brown is to include the housing minister Yvette Cooper in his new cabinet when he becomes prime minister tomorrow have been welcomed by London Councils, which says that first time buyers stand to benefit.
26-Jun-2007
The amount of income spent by first time buyers and other UK households on servicing debt has reached its highest level for a decade, it has been advised.
26-Jun-2007
The Council of Mortgage Lenders (CML) has reported a significant increase in the uptake of offset mortgages as first time buyers and other borrowers look for more flexible ways of paying their bills.
26-Jun-2007
First time buyers in Liverpool looking for an affordable way of securing their own property will be offered discounts of 25 per cent on the purchase price of some homes, it has been revealed.
25-Jun-2007
An influx of middle class professionals looking for a second property or residential accommodation in market towns across the UK has resulted in a transformation of such areas, a new study has advised, making it even harder for first time buyers looking to purchase their first property.
25-Jun-2007
Incoming prime minister Gordon Brown has said that he will provide "immediate" help to first time buyers looking to get onto the property ladder, but noted that the private sector must also play its part.
25-Jun-2007
First time buyers already facing up to higher mortgage bills are also having to cope with the fact that the average council tax bill has increased by over three times the rate of RPI inflation over the past decade, according to new research.
22-Jun-2007
First time buyers in Scotland are increasingly depending on parents to provide them with financial support and are being forced to fund bigger deposits to get onto the housing ladder, a new report has revealed.
22-Jun-2007
Key workers and young first time buyers as a whole need to be provided with more homes if they are to ever purchase property for themselves, it has been advised.
22-Jun-2007
The Office of Fair Trading (OFT) has announced that it is to launch an investigation in the housebuilding industry in an effort to outline best practices with regards to both the economy as well as first time and other house buyers.
22-Jun-2007
Nationwide Building Society has become the latest high-profile industry body to call for incoming prime minister Gordon Brown to focus his attention on the plight of first time buyers.
21-Jun-2007
More and more first time buyers and other homeowners are turning to the internet as a means of looking for a new home, it has been revealed.
21-Jun-2007
New figures from the National Association of Estate Agents (NAEA) have confirmed fears that rising interest rates and soaring house prices have forced yet more first time buyers out of the market.
21-Jun-2007
A growing number of potential first time buyers looking to raise money for their first home are avoiding going to university in order to save the required amounts, it has been advised.
21-Jun-2007
Mortgage lending for May reached a record £30.6 billion, the Council of Mortgage Lenders (CML) has reported, with first time buyers still making their way onto the housing ladder.
20-Jun-2007
A new development in Lincoln helps first time buyers get a foot onto the property ladder.
20-Jun-2007
CIH boss calls for changes to buy-to-let tax relief.
19-Jun-2007
In news likely to be of interest to first time buyers the Confederation of British Industry (CBI) has said that it is likely the Bank of England (BoE) will raise interest rates to 5.75 per cent this autumn
19-Jun-2007
Property auctions are becoming increasingly popular with private buyers as the internet offers this form of property purchase to ever increasing numbers of buyers, the Essential Information Group has said
18-Jun-2007
A series of economic indicators released this week could show muted activity, it has been advised, and hence ease first time buyer fears that a further interest rate rise is set to take place in July.
18-Jun-2007
First time buyers living in seaside towns across the UK are finding that their location is making it especially difficult for them to get onto the housing ladder, it has been revealed.
18-Jun-2007
House prices rose by 0.8 per cent from mid-May to mid-June as an increase in supply kept inflation down to a minimum, though the situation remains problematic for first time buyers, it has been revealed.

15-Jun-2007
New retail sales figures indicating that there has been no discernable slowdown in consumer spending are likely to lead to further affordability problems for first time buyers, it has been advised.
15-Jun-2007
Claims that property sellers will not have to produce a Home information pack (Hip) when exchanging contracts with first time buyers or other interested parties have been dismissed as "typical anti-Hip propaganda" by an industry official.
15-Jun-2007
The number of no-deposit mortgages available in the UK has doubled over the past 12 months, according to new research, as first time buyers look for alternative ways to get onto the housing ladder.
14-Jun-2007
First time buyers are increasingly turning to fixed-rate mortgages because of the perceived stability that they offer in the current financial climate, it has been advised.
14-Jun-2007
The mortgage industry must be patient with regards to HomeBuy scheme offerings as people adjust to the requirements needed to qualify for the scheme, it has been advised.
14-Jun-2007
First time buyers eager to get onto the housing ladder have been boosted by new figures which have reinforced recent suggestions that the house price boom is finally beginning to slow down.
14-Jun-2007
The provision of affordable housing over the course of the last 40 years has been a failure, according to a new survey, with 40 per cent of first time buyers having never even heard of the term.
13-Jun-2007
Reports of a mortgage price war set to develop between lenders could prove beneficial to first time buyers should firms begin offer enticing deals.
13-Jun-2007
Neighbours who do not maintain their properties to satisfactory levels are putting first time buyers off from purchasing homes, it has been revealed.
13-Jun-2007
Moving home costs an average of £16,000, it has been advised, in news that further illustrates the problems faced by first time buyers.
13-Jun-2007
First time buyers and others looking to buy a new home who inaccurately banked on winning property auctions lost over £22 million last year, it has been revealed.
12-Jun-2007
First time buyers paid 18.7 per cent of their income on mortgage interest in April, new figures from the Council of Mortgage Lenders (CML) have shown.
12-Jun-2007
First time buyers have been informed of the schedule regarding the implementation of Home information packs (Hips) following an initial postponement last month.
12-Jun-2007
First time buyers looking to move into a property on their own have been hit by the news that one-bedroom properties make up just 3.1 per cent of the current housing supply.
12-Jun-2007
Rental accommodation across the UK is continuing to experience a shortfall of supply, in part due to frustrated first time buyers being forced to turn away from the property ladder for the time being.
11-Jun-2007
A study has alerted first time buyers to the fact that the potential pitfalls involved in buying a house do not stop at simple financial issues.
11-Jun-2007
First time buyer affordability plunged again in April, the latest house price survey has shown.
11-Jun-2007
First time buyers are being helped onto the property ladder by the government's Open Market Homebuy Scheme (OMHB), a mortgage lender has advised.
08-Jun-2007
Research revealed by the newly-created National Housing and Planning Advice Unit (NHPAU) - designed to make it easier for first time buyers to get onto the housing ladder – has been criticised by two separate organisations, it has been revealed.
08-Jun-2007
The North East Assembly has unveiled the results of a study investigating the ways in which providing affordable properties for first time buyers can be integrated into housing policies in north-east England, it has been revealed.
08-Jun-2007
First time buyers looking to break into the housing market have been giving a warning by a new study indicating that remortgaging rose by ten per cent last month.
08-Jun-2007
The government has a local authority restructuring scheme that could see council tax cut in a move that would ease first time buyers' affordability concerns, it has been announced.
07-Jun-2007
A new government unit aimed at combating the problems faced by first time buyers in getting onto the housing ladder has been launched today in an effort to stop affordability issues from spiralling out of control.
07-Jun-2007
The latest house price index to be released for May has echoed previous reports that first time buyers found it increasingly difficult to purchase property last month.
07-Jun-2007
Stamp duty should be paid by homeowners selling their properties rather than the likes of first time buyers struggling to get on the property ladder, MP Peter Hain has claimed.
06-Jun-2007
The number of first time buyers in Northern Ireland has reached its lowest level for 26 years, it has been revealed.
06-Jun-2007
A levelling off in house price growth in London last month meant that first time buyers were able to retain their proportion of the market share – but the proportion remains just 25 per cent, it has been revealed.

06-Jun-2007
Consumer spirits remain high despite recent rate rises and political developments, new research has advised, with the expectation of further house price rises heralding a more bad news for first time buyers.
06-Jun-2007
A significant number of first time buyers do not understand the meanings of the most simple property terminology, raising fears that a rush to buy is leading many to commit to unknown or unwanted purchases, new research has shown.
05-Jun-2007
As many as two million young homeowners, including numerous first time buyers, have said that they are now struggling to keep up with mortgage repayments following recent interest rate rises, new research has found.
05-Jun-2007
First time buyers who capitalised on interest rate cuts in 2005 to take out a two year fixed-rate mortgage could soon face a huge rise in repayment rates, it has been advised.
05-Jun-2007
New build communities could provide a housing solution for first time buyers looking for homes that are both affordable and environmentally friendly, it has been claimed.
05-Jun-2007
First time buyers apprehensive over whether the recent surge in the supply of housing would subside again following the postponement of Home information packs (Hips) have had their fears allayed, it has been revealed.
04-Jun-2007
A shortage of cheap homes is the principal reason why young would-be first time buyers still live at home with their parents, a new study has found.
04-Jun-2007
First time buyers in Northern Ireland have had to contend with annual price inflation of 46 per cent, and an 11 per cent increase in prices since the beginning of the year alone, it has been revealed.
04-Jun-2007
The vast majority of consumers expect interest rates to surpass current levels in twelve months' time, spelling bad news for first time buyers looking to avoid expensive mortgage repayments, a new study has advised.
04-Jun-2007
First time buyers taking out loans worth at least 90 per cent of the value of their property face even greater payment problems due to the presence of extra charges, a new study has suggested.
01-Jun-2007
First time buyers looking for a way to keep in touch with the rising house prices could find themselves given a helping hand by rises in household income, it has been advised.
01-Jun-2007
Stamp duty for first time buyers should be abolished as part of a renewed effort to help prospective homeowners get onto the housing ladder, it has been suggested.
01-Jun-2007
First time buyers could stand benefit from the delay in the implementation of Home information packs (Hips), according to recent figures showing that the supply of housing has risen sharply since the beginning of April.
01-Jun-2007
More and more first time buyers are trying to avoid taking on mortgages that would stretch their finances to the maximum in light of rumoured further interest rate rises, it has been revealed.

2013: Jun | May | Apr | Mar | Feb | Jan

2012: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2011: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2010: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2009: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2008: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2007: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2006: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2005: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar


Free e-Bulletin

News and Offers for First Time Buyers

Register

There's alot going on! What do you think?

Interest rates are low but could rise? Is this a good time to buy?

Yes
No

Varialbe rate mortgages go up if bank interest rates do. Which is your preference?

Fixed Rate
Variable rate

Interest only mortgages are cheaper but in the end you don't end up owning the property. Which is better?

Interest Only
Repayment

House prices are waivering. Do you think this is a good time to buy?

Yes
No

Shared equity mortgages allow you to buy a new home with 5% deposit and an equity loan through FirstBuy. What do you think?

Too complicated
Too expensive
Too risky

Rent to buy allows you to peg a property price, save towards a deposit and pay reduced rent. What do you think?

Works best in a rising market
Too complicated
Good option


 

You Tube