With the UK housing market booming its way through the pandemic, newly released research has revealed that four in ten first-time buyers have now taken advantage of the Stamp Duty Holiday.
With the announcement of the recent budget, Rishi Sunak confirmed the introduction of a mortgage guarantee scheme requiring deposits of just 5%.
Whilst recent changes to the stamp duty threshold has led to a growing number of people looking to make the most of the tax break and make a property purchase, there are a number of points to consider before applying for a mortgage.
Mortgage lender sets 15% level to help protect customers from negative equity
More and more lenders halt such deals despite the English housing market reopening
Almost two thirds (64%) of tenants cannot afford a deposit to allow them to purchase their own home, research from yieldit has found.
New homes at reduced rents give first-time buyers a chance to get on the housing ladder.
Report into sector includes warnings from industry and campaigning groups that agents are not being clear enough about how alternative deposits work.
Those living in Sunderland can save for a house deposit in just six years and eight months, faster than any other major UK city.
Paisley in Scotland is the best place in the UK for a couple buying a home to raise a deposit while renting, taking just three months to do so, new research has found.
More than half of tenants in the private rented sector in the UK are interested in alternative or insurance backed schemes as a substitute for paying an upfront lump sum deposit when renting, new research has found.
Tenants are being offered schemes that do away with the need for large amounts upfront
House prices continue to rise and difficulties remain for those wanting to buy their first home, according to the UK's biggest mortgage lender.
Many tenants in the UK’s private rented sector believe that they will never get a foot on the property ladder, due the sheer cost of saving for a deposit, a new survey suggests.
The deposit paid by tenants in the private rented sector as a security is to be reduced from six weeks to five weeks for tenancies rented out for under £50,000 a year, it has been announced.
Thinktank draws up plan at time when 40% of young adults are unable to buy a home
About 40% of young adults cannot afford to buy one of the cheapest homes in their area even with a 10% deposit, according to a new research.
Young adults face distant prospect of getting on housing ladder, research suggests
In England and Wales, average single first-time purchaser would need just over 10 years
MPs and landlords are at loggerheads over the acceptable level of deposits demanded of tenants in England.
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