First time buyers
Labour would make first-time buyers exempt from stamp duty for purchases under £300,000, Ed Miliband is due to announce.
Santander has reduced rates on a selection of first-time buyer loans.
Mortgage lending fell in February as buyers and homeowners held fire ahead of the general election.
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A third of first-time buyers stay with family in order to save for a deposit, research by Clydesdale and Yorkshire Banks has found.
Despite being offered a helping hand onto the property ladder, first-time buyers will still be left with a £14,000 shortfall.
Brits in their 20s and 30s will own fewer properties in their lifetimes due to rising house prices and lack of suitable homes.
Lack of suitable housing stock means more than half of first-time buyers are being forced to consider properties with no natural light.
Surveyors’ figures show increased lending to borrowers with deposits of 15% or less.
According to the latest quarterly statistics from the government, Help to Buy has helped 88,420 people buy a new home since the scheme began.
Lending to first-time buyers reached the highest annual level since 2007 last year, with 676,900 loans taken out and £112.7bn advanced in total.
House price growth in London is expected to rise by just 10.4% over the next five years compared to 19.3% across the UK as a whole, Savills research finds.
House prices grew by 2% between December and January, the biggest January monthly increase seen since 2009 (2.4%), according to the latest Halifax house price index.
The number of first-time buyers has risen 50% in the last two years, with record low mortgage rates and new government schemes driving these figures.
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