Halifax has launched a two year, fee free, fixed rate first-time buyer mortgage, at 5.99%. According to the lender, today’s first-time buyer typically pays a product fee of around £995, and in addition to waiving any fee, Halifax is offering £500 cash-back on its new deal, which can be put towards costs such as conveyancing [...]
first time buyer
Halifax supports first-time buyers
Halifax has launched a two year, fee free, fixed rate first-time buyer mortgage, at 5.99%. According to the lender, today’s first-time buyer typically pays a product fee of around £995, and in addition to waiving any fee, Halifax is offering £500 cash-back on its new deal, which can be put towards costs such as conveyancing [...]
Halifax identifies first-time buyer country
The average age of the first-time buyer currently stands at 29, according to research from Halifax, but regional house price differences mean locations can be almost a decade adrift, when it comes to the age at which people buy their first homes. The UK’s youngest first-time buyers are to be found in Selby in North [...]
Home ownership goal stretched to aged 38
Brits with property-owning ambitions don’t expect to be able to buy their first home until aged 38, or 43 for Londoners, according to new research from moneysupermarket.com. With only 1,581 home loans currently available to first-time buyers (compared with 14,940 in July 2007) the average loan-to-value ratio stands at 77%, meaning new buyers aiming for [...]
House prices up 0.7% on the year
Official figures show UK house prices increasing by 0.7% in the year to the end of February. At £204,164, the value of the typical dwelling was down 5.7% from its recent April 2008 peak but up 9.8% from its 2009 trough, Department for Communities and Local Government figures show. On a regional basis, house prices [...]
Rightmove reports “trouble on the terraces”
Tightening lending criteria has hit prospective buyers of terraced properties hardest, Rightmove reports, as they are least able to save the necessary deposits. In response, sellers of the typical first-time buyer terraced home are sitting tight, with new stock of this type of property down 31% in March, compared with pre credit-crunch levels. In addition, [...]
Halifax launches 90% LTV first-time buyer deal
Halifax has launched a two-year, fee-free, fixed-rate first-time buyer mortgage, at 5.79%.
The lender claims that the loan allows those getting a foot on the property ladder to save at least £1,986, based on today’s first-time buyer typically paying a product fee of around £995, conveyancing costs £506, a valuation fee of £240 and around £250 [...]
First-time buyer affordability hits 12-year high
First-time buyer mortgage affordability has hit a 12-year high, according to new research from Halifax, with monthly mortgage costs as a proportion of income standing at 27%, the lowest proportion since December 1998.
House prices falls and declining mortgage rates also mean that 40% of the UK’s local authorities are affordable for first-time buyers, compared with [...]
