First Time Buyers

June 2016

A rise in 95% loans linked to Help to Buy

By |June 2nd, 2016|

According to an article published by mortgage strategy The Help to Buy Scheme caused 95 per cent LTV loans to increase 383 per cent to 271 products from 56 when the scheme was first launched.
This scheme had been set up back in October 2013 and is due to end this year.
Finance expert Charlotte Nelson from […]

May 2016

Changes to Stamp Duty

By |May 4th, 2016|

What could the shake-up mean for you?
Changes to the stamp duty rules took effect on 1 April 2016 in relation to anyone owning more than one residential property – this will affect those buyers funding the purchase of a new home with the sale of an existing home: if their buyer pulls out but they […]

April 2016

Mortgage lending surged to £25.7bn in March

By |April 22nd, 2016|

March saw the highest level of mortgage lending on record since before the credit crunch.

In One of Mortgage Solutions articles they stated that Mortgage lending in March rose to a massive £25.7bn, according to the Council of Mortgage Lenders – the highest March figure since 2007.

This lending boom was fuelled by buyers racing to beat the […]

Buy-to-let lending up 60% ahead of stamp duty changes

By |April 14th, 2016|

According to The Guardian , Council of Mortgage Lenders reports a near-50% increase in the number of buy-to-let loans taken out, with first-time buyer mortgages up by 11%.

Lending to buy-to-let investors rose by almost two-thirds in the 12 months to February, as some landlords took advantage of low interest rates to remortgage, while others added […]

February 2016

Is 2016 the ‘year of the first-time buyer’?

By |February 22nd, 2016|

Financial Reporter have stated that 2016 could be the ‘year of the first-time buyer’ encouraged by low interest rates, initiatives such as Help to Buy, and buy-to-let investors facing increasingly adverse taxes.

Government initiatives and low interest rates are aligning with more property choice for first-time buyers, with 10% year-on-year jump in the number of two […]

Help to Buy ISA opened every 30 seconds

By |February 17th, 2016|

According to Mortgage Advice Bureau A quarter of a million first-time buyers have opened a Help to Buy ISA since the scheme launched in December last year.

The number of ISAs opened means that there is an equivalent of one person opening an account every 30 seconds, or just over 3,000 per day, and over 25,000 […]

Mortgage lending rockets as property investors rush to beat April tax change

By |February 12th, 2016|

House purchase approvals were up 20% between December and January, fuelled by the buoyant buy-to-let sector.

Mortgage Solutions yesterday said, The January Royal Institution of Chartered Surveyors (RICS) survey reported a surge in new instructions in January with buy-to-let investors rushing to get into the market ahead of the 3% Stamp Duty hike, intensifying price rises despite […]

Annual house price growth rises by 4.4%

By |February 2nd, 2016|

According to Mortgage Solutions house price growth rose 0.3% in January, which means the annual growth figure remains steady at 4.4%.

Prices rose to an average of £196,829, according to figures from Nationwide’s House Price Index.

Nationwide’s chief economist Robert Gardner said growth has remained in a fairly narrow range between 3% and 5% since last summer.

“As […]

January 2016

Buy-to-let and second homes

By |January 5th, 2016|

Higher stamp duty payable from April 2016
Buy-to-let landlords and people buying second homes from April this year will have to pay a 3% surcharge on the stamp duty charged for the property.

Chancellor George Osborne made the announcement during his Spending Review and Autumn Statement last year. From April, you will have to pay a 3% […]

December 2015

House prices are expected to rise by 6% in 2016

By |December 24th, 2015|

Average house prices are expected to rise 6% by the end of 2016 after a strong finish to the year which saw December asking prices take their lowest dip since 2006.

According to Mortgage Solutions after a monthly price fall of 1.1% in December, the annual price increase stood at 7.4%, figures from Rightmove’s December House […]

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