First time buyers
The only way is up Yazz said in 1988 and the UK has certainly taken that message to heart for housing in the last 15 years or so, with every double digit annual house price increase trumpeted as a Good Thing.
Yorkshire Building Society has reduced the rate of its first-time buyer mortgage to 5.59% after seeing a surge in demand for the product since June.
People having noisy sex has topped a poll of what annoys tenants the most about their housemates.
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John Charcol has seen the proportion of purchase mortgages hit its highest level in “decades”, breaking through the 60% barrier in July.
It's a fair enough question, one would think, when research from Moneyfacts shows that lenders are enjoying margins at all-time highs on their mortgage rates.
Northern Rock plans to slash its application fee from £250 to £99 for home buyers from Monday next week.
Monthly mortgage payments as a proportion of income are now nearly half of 2007 levels, yet affordability is still cited by over 50% of first-time buyers as the main barrier to entry.
Yorkshire Building Society has launched a market leading three-year fixed rate deal for those with a 15% deposit at 4.59% with a £495 fee.
Fledgling intermediary lender Aldermore has broadened its product range to accept first-time buyers, relaxed its criteria for landlords and increased the maximum loan size it is prepared to take.
UK asking prices have fallen 1.7% as sellers outnumber buyers and the seasonal lull combined to take the heat out of the property market.
Millions of young people face a lifetime of renting, as home ownership becomes an increasingly unattainable goal, the Chartered Institute of Housing (CIH) has warned.
Housing transactions increased for the second consecutive month in July, rising 11.1% on June to around 72,100, according to the latest research.
Fixed rates have begun to find favour with consumers again, with 48% of new borrowers taking out a fixed rate mortgage in June, the highest level so far in 2010, according to the CML.
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