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First Time Buyers unaware of Help to Buy and other government schemes

First Time Buyers unaware of Help to Buy and other government schemes

Latest research by Precise Mortgages has found that a significant number of First Time Buyers are unaware of the various schemes that are available from the Government to help them purchase a property such as the Help to Buy scheme. 41% of those surveyed had a low awareness of the Government’s Help to Buy ISA which was launched last year. This was reported on the What Mortgage Magazine website in April*. (more…)

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Archive: First Time Buyers spend over £50,000 on rent before buying

According to latest research from the Association of Residential Letting Agents, people in the UK will have previously spent, on average, £52,900 in rent before they purchase their first home. This research on First Time Buyers was reported in the Guardian in February*. The research, is based on someone renting for 13 years, and shows that the situation is worse for First Time Buyers in London where the figure paid to landlords is £68,300. (more…)

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Archive: More homes available for First Time Buyers

According to the latest figures from RightMove, the year has started positively for First Time Buyers. Not only are there more First Time Buyer appropriate homes available. Prices for properties suited to First Time Buyers are also pretty much static year on year. This was reported on the What Mortgage Website in January*. (more…)

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Archive: Home buyers benefit from new stamp duty system

In December 2014, a new stamp duty system was introduced by the Government. The aim was for the majority of those purchasing a home to save money. According to latest figures by My Home Move*, buyers have saved money under the new system. Over the last year, home buyers have collectively saved £1.9 billion in stamp duty costs with the average buyer saving £1,500. (more…)

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Archive: First Time Buyers worry they won’t ever be able to own a home

Latest research from the Halifax has found that many First Time Buyers are still concerned about getting onto the property ladder. This was highlighted in the Financial Reporter in December. The research has found that nearly a third are prevented from buying a home because they don’t think they will be able to get a mortgage. 42% worry about the amount of time it will take them to save to buy their first property and 40% think they will never be able to afford to buy their own home. (more…)

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Archive: First Time Buyer completions still higher than before the crash in 2007

Archive: First Time Buyer completions still higher than before the crash in 2007

According to data from Your Move and Reeds Rains*, the number of properties sold to and completed by First Time Buyers remains higher than before the credit crisis in 2007. In fact, in August and July 2015, there were 30,200 completions by First Time Buyers in each month which is 27% higher than the in May 2015. This was reported in What Mortgage on 29th September 2015. (more…)

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June sees the highest number of Help to Buy purchases since scheme launch

The Government’s Help to Buy scheme was launched in 2013. Since then, over 56 thousand properties have been purchased through this scheme with a value of £2.42 billion. And, in June alone, 4,745 people received equity loans through the Help to Buy scheme which is the highest number since 2013 when the scheme launched. This is according to figures published in the Financial Reporter on 9th September. (more…)

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