First Time Buyers
New figures from housebuilder Morris Homes have revealed that its first-time buyers are paying deposits of just £9,238 on their homes - £17,621 less than the national average.
New research shows that almost two thirds of first time buyers receive help in saving for a deposit – with the Bank of Mum and Dad playing an important role in the process.
Would be homeowners in Flintshire can find out how they could leap onto the property ladder at an open day on Sunday, hosted by Redrow Homes and Tai Clwyd.
Morris Homes is urging first-time buyers in South Staffordshire to take advantage of its Great Start scheme to get on the property ladder with a deposit of just five per cent.
The Bank of Mum and Dad still has an important role to play for First Time Buyers, with almost two thirds receiving help in saving a deposit for their first property, according to research from Clydesdale and Yorkshire Banks.
Parents keen to help their grown-up children get on to the property ladder could find that securing a fantastic new home at Taylor Wimpey’s popular Heritage Park development is more affordable than they might think.
Leeds Building Society has reduced the rates by up to 0.70% on its shared ownership mortgages, which have been specifically designed to help first time buyers (FTBs) onto the housing ladder, and are available up to 95% of the borrowers share.
The second phase of the Help to Buy scheme has now been launched in England and so far only the tax payer-backed banks have announced their rates and are taking applications.
A leading regional house builder says first-time buyers are increasingly demanding more building for their bucks - and are using a new Government scheme to help them win the property space race.
Morris Homes is holding a first-time buyer event this week to give househunters in Leicester advice on buying their first home in the city.
As low interest rates and affordable mortgages fuel demand for new homes and the number of first time buyers reaches a five-year high, Redrow is holding a special event for would-be homeowners in North Manchester.
HSBC has launched ‘First for First-Time Buyers', offering unbeatable mortgage rates on the High Street at 90% LTV.
First-time buyers accounted for 11,200 loans for house purchase in London in the second quarter of 2013, the largest quarterly number since the end of 2007, according to data from the CML.
Morris Homes is helping first-time buyers cut costs and settle quickly into their new home by giving an exclusive moving-in package to the first few buyers that snap up an apartment at its Sedgley development.
Lending to first-time buyers has hit its largest quarterly total since 2007 with 68,200 purchasing their first home in the second quarter of 2013, according to figures released by the CML.
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