The pros and cons 95 percent mortgages where you must provide a deposit – of 5% of the purchase price. There are some mortgage lenders that offer competitive 95% mortgages. Most lenders offer better interest rates at 90% loan to value and currently this Loan to value (LTV) the preferred lending mark. Mortgage income multipliers [...]
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Increased activity in the first-time buyer sector, as well as among home movers, contributed to a 6% rise in the number of loans for house purchase in November according to new data released today by the Council of Mortgage Lenders. Lending to home movers also increased, while remortgage lending was down against the previous month and the [...]
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It is not easy to get yourself on that first step of the property ladder. More and more first time buyers are finding themselves in the position of having to purchase property in poor condition at a low price with the understanding of carrying out the work themselves to bring it up to a good [...]
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Lending to first-time homebuyers increased 11 per cent last year and reached its highest level since the financial crisis, a detailed analysis of the 2012 mortgage market found. There were 63,896 house purchase loans granted to buyers with small deposits – those with 15 per cent or less – last year, up from 57,691 in [...]
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Leicestershire County Council and Lloyds TSB have joined forces to offer affordable mortgages to first-time buyers. More than 400 families and couples are set to benefit after the council lent the bank £10 million from its reserves, allowing the bank to reduce the amount of deposit it needs from applicants. After five years the bank [...]
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Aberdeenshire Council was presented proposals to create a Local Authority Mortgage Scheme (LAMS), which would see first-time buyers have a proportion of their deposit guaranteed by the council, this week. The scheme would help young buyers in the area onto the housing ladder and the council said that such a move could see potential buyers [...]
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Following feedback from its customers, Today (14 January), Barclays will introduce a mortgage to help boost the first-time buyer market this year, giving new buyers access to affordable mortgages with just a 5% deposit. Elsewhere, mortgage rates will be slashed by up to 1%, giving homeowners access to the cheapest mortgage deals Barclays has ever [...]
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