First time buyers
The number of first-time buyer UK house completions increased year-on-year in September, defying trends of a slowdown in the market.
Research has revealed that British house-hunters feel increasingly disenfranchised by the lack of affordable housing.
All types of lending declined in August compared to July, according to the Council of Mortgage Lenders (CML).
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CML data on the characteristics of lending in July show that the market remains driven primarily by lending for house purchase, rather than remortgages.
Data suggests first-time buyer property prices are rising faster than those for any other demographic compounding the affordability struggle to get on the housing ladder.
The average first-time buyer receives roughly half of their house deposit from their parents, a study has revealed.
The government is undermining its own Help to Buy scheme by imposing a large tax burden on first-time buyers, the Council of Mortgage Lenders has argued.
Affordability for so-called second-steppers has leapt in the past year, according to a survey.
A buoyant English market drove UK house prices up 3.8% in the twelve months to August 2013, according to the Office for National Statistics house price index.
Gross mortgage advances to UK borrowers were up 23% in Q2 against the first quarter, hitting the highest point since records began in 2007, reported the Bank of England.
Government figures confirm reservations through the Help to Buy Equity Loan scheme passed the 10,000 mark just four months after launch.
Mortgage lending to first-time buyers reached a six year high in the second quarter of the year, according to figures from the Council of Mortgage Lenders (CML).
The Financial Conduct Authority (FCA) plans to introduce a "robust underwriting assessment" to be performed by lenders before issuing interest-only mortgages, letters published today have revealed.
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