According to Zoopla’s House Price Index, annual house price growth in the UK dropped to 7.2% in December. The index also showed that quarterly house price inflation slowed from over 2% in the summer to just 0.3% in the last three months of 2022. This makes an...
The government has confirmed that the mortgage guarantee scheme will run for another year to offer more support to first-time buyers. The scheme was introduced in April 2021 to increase the availability of 95% loan-to-value mortgages after they were withdrawn during...
It’s estimated that first-time buyers (FTB) using a gifted deposit can get onto the property ladder up to 11 years faster than prospective buyers consistently saving. The research1 found that a UK household saving £180 a month would take 10.9 years to reach the...
It’s fair to say that there’s a lot of gloom around the housing market right now. But 2023 could provide ideal opportunities for first-time buyers (FTBs) to get on the housing ladder. Buyers’ market Most experts are predicting significant price falls in 2023, which...
Many mortgage holders have seen their monthly payments soar in the past year. Alongside other cost-of-living pressures, the rise in this large monthly outgoing can be a major cause of stress. A meeting on 7 December 2022 provided some clarity and comfort. Chancellor...
