The changes will allow borrowers earning over £50,000 to borrow more.
Related topic: First-time buyer
Patrick Bamford, head of international business development at Qualis Credit Risk, looks at whether the government might announce any new support for first-time buyers in its October...
At a national level, first-time buyers account for around half (49%) of all homes bought with a mortgage, but this jumps as high as 75% in the most popular areas for first-time...
The average monthly mortgage payment for a typical first-time buyer is now £949, compared with £1,096 at the mortgage rate peak in July 2023.
The Group has launched a new £2bn 'First-time Buyer Boost' package.
Helen Cawthra of Vida Homeloans explores the current challenges facing first-time buyers, how the market and the government can meet changing buyer demand, and the opportunities for...
Family gifting is now funding 42% of all homes purchased by buyers under 55.
60% LTV remortgage products have reduced by up to 0.16% but 90% and 95% LTV rates have increased.
Quilter says Labour’s ‘Freedom to Buy’ pledge is unlikely to achieve desired impact in supporting first-time buyers.
Gifts and loans from the Bank of Mum & Dad totalled £9.4 billion in 2023 – supporting 164,000 first-time buyers.