Planning on buying your first property? It’s an exciting time, but the experience can also prove to be stressful if you don’t plan properly. Here are 10 of the most important things first time buyers need to know to make the experience a good one.
Many people renting in the UK are concerned that they will never be able to buy their own homes. Getting on the property ladder has always been a challenge, but according to new research, a large number of renters now think that it is beyond them.
Buying a property is said to be one of the most stressful times in your life and with the added pressures of securing finance for a dream home, the process can prove a daunting task. Whether you are looking to purchase your first home or are considering investment options such as a buy-to-let, there are a variety of important factors that can affect your position to borrow.
As George Osborne continues to support Prime Minister David Cameron’s campaign to persuade Britons to vote to remain in the European Union at the June 23rd referendum,
If modern property seems overpriced and overcomplicated, there’s another unique lifestyle option available, in the form of park homes.
With still no agreement at Westminster over Brexit, political uncertainty is affecting the country on an increasing scale. Not knowing what type of Brexit will eventually be thrust open us, nor how everything from the price and availability of food to our ability to travel will be affected once it finally happens, is creating indecision across multiple areas.
Having difficulty getting on the property ladder? It might be time to turn to the Bank of Mum and Dad.
While the Bank of England (BOE) is anticipated to keep interest rates low for some time to come and mortgage interest rates will likely remain around current levels, it still won’t be enough for many people to take that first step on the housing ladder. There is another way though, and expectations are that an increasing number of potential home-buyers will turn to the bank of mum and dad during 2017.
If you're a first-time buyer looking for value-for-money, London might not be the best place to buy; however, if you're working in the city, it's certainly the most practical option. London has many an established, trendy area where you'll pay well above average, but there are also a variety of spots that are up-and-coming and some awaiting a tip-off which means, if you act fast, you might be able to bag a bargain – in London terms, that is. Below, find out where to buy in London if you're a first-time buyer.
Many people see lease options as a great way to get a mortgage for those who don’t qualify for more traditional types. However, they do have some substantial drawbacks which should be fully understood before taking one.
Buying your first hose can be a challenge, no doubt about it. Nonetheless, thousands of people all over the UK buy their first home every year, and there are plenty of ways to go about it. This guide takes a look at a few of them.
A new report from the Intermediary Mortgage Lenders Association (IMLA) based on data from the Building Societies Association shows the number of first-time buyers entering the UK's property market is currently around 2.2 million lower than it should be.
After a year of change and uncertainty, 2019 is ending on a high note for the London property market as we see an increase in first time buyer mortgage completions in the capital to Quarter 3.
Buying a new property is an exciting and stressful procedure, and this is doubly true the first time you do it. It makes a huge difference if you’ve got a decent idea of what to expect. Check out our guide to the basic processes and timescales.
A recent survey reports that for four consecutive months, there have been fewer property purchases with a larger deposit and more with a smaller initial down payment. This development suggests that first-time buyers are increasingly making a come-back to the housing market.
The UK’s mortgage market showed some signs of growth in January, with first-time buyers and re-mortgage activity, driving the improvement, two data releases showed. And, looking ahead, expectations suggest the UK’s housing market will be a little busier during 2017 than had been previously anticipated. Indeed, the Bank of England’s (BOE) Monetary Policy Committee (MPC) has upwardly revised its expectations for mortgage approvals and is now forecasting an average of 71,000 mortgage approvals per month.
The UK Government’s Help to Buy Equity Loan scheme has grown in popularity since it was first launched in 2013. The year 2018 proved it’s best yet, with a total of 52,057 new homes – an average of 1,000 homes per week - bought by Britons using the option.
Buying a home is one of the most stressful events in life. The whole process of finding a mortgage, searching for a suitable property to buy, then actually going through the buying process can all become too much for many.
If you’re in a position to be able to assist your child or children to buy their first home, as property prices rise ever further out of reach of first-time buyers, you and your kid are in an enviable position. But, there are a few options out there and numerous potential pitfalls you’re all better off trying to avoid! At Ezylet we have some experience of the bank of mum and dad and thought we would share our knowledge with you.
Do you dream of moving out of a rental property and getting onto the property ladder? If so, you may find that you are unable to do so because of the cost of buying a home.