Category: First time buyers

If buying your first home is one of your goals for 2026, the new year is the perfect time to start preparing. One of the most effective steps you can take early on is to focus on your credit score. Continue reading “Top Tip for First-Time Buyers in the New Year”

Getting on the property ladder is a major milestone, but it can feel daunting especially with rising house prices and changing mortgage rates. Continue reading “How to Get on the Property Ladder in 2025”

Your borrowing capacity hinges on your income, expenditures, and the size of your deposit. When you apply for a mortgage, lenders will conduct a thorough assessment of your financial situation to determine what you can comfortably repay. Continue reading “Getting Mortgage Ready: A Guide for First-Time Buyers”

After nine years, the Help to Buy scheme is coming to an end. With the application deadline having already passed – the attention for first time buyers now turns to the available alternatives. Continue reading “First time buyers – what to expect in 2023”

Between 1996 and 2016, the percentage of 25 to 34-year-olds who own their own homes has fallen 19% from 55% to 34%. In a bid to combat this, prime minister Boris Johnson has set out plans that include proposals for housing benefit being able to be counted towards a mortgage. The prime minister vowed to “turn benefits to bricks”, saying it is unfair that homeownership is dominated by over 65-year-olds. Continue reading “The government’s pledge to combat declining homeownership rates”

Although it is likely that interest and mortgage rates will increase as we hopefully head towards the light at the end of the COVID tunnel, there are still plenty of rates currently at an all-time low. The stamp duty holiday may be over, however the housing market is still in an exceedingly positive place with high demand and low interest rates. Continue reading “First homes: is now the time to buy?”

2021 has seen some welcome good news in the first-time buyer market, with mortgage affordability for people buying their first home improving by 20% since the turn of the year according to Mortgage Broker Tools’ latest index. We take a look at some of the newer options available to first-time buyers that can help to get you on the property ladder. Continue reading “First time buyers: what are the options?”

So, you’re looking to buy your first property. You’ve been renting for a few years now and you haven’t been able to put enough money aside for a deposit. You’re frustrated because you know that most monthly mortgage payments seldom differ greatly to the current monthly rent payment you’ve been making for years but without a deposit – you’re stuck. If any of that sounds in any way familiar, then this article is for you. Continue reading “Gifted deposits: how do they work?”