Related topic: First-time buyer

First-time buyers are facing a tough mix of affordability pressures, stubbornly high housing costs and ongoing rate volatility – but one of the biggest barriers to homeownership...

Homebuyers paid £15.2bn in stamp duty over the 12 month period.

Nationwide’s lowest rate now 4.50% for new and existing customers looking to move home.

Geopolitical tensions, cost of living and affordability issues are making mortgage borrowers cautious, the survey found.

First-time buyer rates have seen the largest reductions.

Mortgage Advice Bureau has found that barriers around clarity are contributing to delays in decision-making among 41% of aspiring homeowners, despite ambition being high.

Three quarters of brokers expect to see further growth in near prime demand in months ahead.

The number of agreed sales is only 3% lower than this time last year.

10% of first-time buyers received their AIP on the same day as the consultation.

In the last year, the total estimated stamp duty bill for first-time buyers has jumped from £101m to £408m.