The latest property market analysis by London lettings and estate agent, Benham and Reeves , has revealed that a high rate of house price growth caused by the stamp duty holiday will now see some first-time buyers pay stamp duty on their purchase as a result of the average house price exceeding the stamp duty free threshold of £300,000.
Research by the estate agent comparison site, GetAgent.co.uk , reveals that the stamp duty holiday has increased the price of first-time buyer homes by an average of 11.7% in England in the last year, and by as much as 31.5% in some areas of the country.
The stamp duty holiday was introduced as a financial incentive to keep the housing market buoyant during the pandemic and thus...
Taking that first step onto the property ladder is much easier if you know exactly what help is available to you and where to find the best mortgage deals.
Following the news that the number of mortgage products on the market are back to pre-pandemic levels after the co, Nisha Vaidya, a mortgage expert at money.co.uk , has compiled a quick and simple guide on everything you might need to know...
A THIRD of first-time buyers admit to breaking the law and lying about their income, when applying for a financial product, in order to get a higher credit limit.
However, lying on the application for a financial product, such as a store (credit) card or for a short-term loan, is illegal and could also lead to many Brits facing a large amount of debt they can’t afford to pay back....
Research from the national estate agent, Keller Williams UK , has revealed where the most and least affordable British locations are for first-time buyers in each region of the British property market.
First-time buyers are in a tricky situation at the moment. The pandemic and the government’s subsequent intervention in the British housing market, such as the SDLT holiday, has...
But new CreditLadder and Equifax research finds that new 5% deposit scheme could be the key to the door for 33% of first-time buyers
As the average first-time buyers’ deposit [1] reaches nearly £59,000, £12,000 more than a year ago, new research [2] conducted by CreditLadder and Equifax found lack of savings for a deposit is preventing over a third (34%) of first-time buyers getting...
The Government-backed Help to Buy scheme has helped over 270,000 new home buyers since it was introduced in 2013. However, from 1st April this year, the scheme is changing. Emma Cotterill, regional sales and marketing director for Kier Living Western, explains what local buyers need to know.
Help to Buy was introduced to help new home purchasers with deposit funds. Initially open to...
