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Last year saw more first time buyers in UK but they are older and pay more

The number of first time buyers in the UK is estimated to have reached 335,750 in 2016, up 7.3% and the third year in a row of growth, according to a new report. It means that those getting on the housing ladder for the first time have reached their highest level since the start of […] The post Last year saw more first time buyers in UK but they are older and pay more appeared first on PropertyWire . Continue reading

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Home owners in UK aged 55 and over face poor mortgage choice

Despite more products being on offer the mortgage market in the UK still does not offer enough for people aged 55 and over, research suggests. A survey found that estate agents are becoming increasingly concerned about mortgage lending restrictions for customers aged 55 and over and the impact on the wider housing market. Some 58% […] The post Home owners in UK aged 55 and over face poor mortgage choice appeared first on PropertyWire . Continue reading

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Construction of UK’s first starter homes to get underway later this year

First time buyers in the UK will be able to buy a new starter home at a discount of at least 20% if they are aged between 23 and 40, the housing minister has confirmed. Gavin Barwell has announced that the first of thousands of new Starter Homes will be built on brownfield sites across […] The post Construction of UK’s first starter homes to get underway later this year appeared first on PropertyWire . Continue reading

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