Lloyds breaks first time buyer mortgage deadlock
Lloyds is offering a new deal for first-time buyers that allows parents or friends to use their savings as a guarantee against a default. The bank is offering to lend…
Tag: first-time buyer
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Demand for first-time buyers scheme three times more than expected
The new HomeBuy Direct scheme – allowing buyers earning less than £60,000 to take out a mortgage for 70 per cent of the cost of a property and an interest-free…
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Mortgage lending still falling
New mortgage lending in November fell again according to the Council of Mortgage Lenders’ figures. Only 33,000 new loans were grants – 17 per cent less than in October 2008,…
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Brokers expect more business from first-time buyers
Research from the Intermediary Mortgage Lenders Association (IMLA) has found that brokers expect to handle an increase in the level of activity for first-time buyers. It is the first time…
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Tenants benefit from oversupply
Tenants are benefiting from cheaper rents because of an oversupply of property, the Royal Institution of Chartered Surveyors said. The supply of rental homes in London has grown by 67…
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Return of first-time buyers
The proportion of first-time buyers entering the housing market increased for the third month in a row in November, according to the National Association of Estate Agents (NAEA). Figures indicate…
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Call for bail out of buy to let
Buy-to-let investors will not be able to cope with demand unless they are able to access government support, the Intermediary Mortgage Lenders Association (IMLA) has said. After surveying 506 mortgage…
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Confidence is returning
Public confidence in the housing market is higher than at any point since September 2007 and the Northern Rock bail-out, a survey from propertyfinder.com found. Around 60 per cent of…
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Buyer interest up, but sales remain stagnant
The latest Royal Institution of Chartered Surveyors survey has found that interest from potential buyers is growing as new inquiries jump to a two-year high. However, sales remain at their…
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Banks âprejudicedâ against low cost housing
The National Housing Federation says banks are turning away £1 billion of business because of prejudice against low cost housing. The banks are refusing to lend to people on modest…