Tag: first time buyers
Our 5 top tips for first time buyers
Buying your first home is an exciting time, but it can also be daunting. We outline our five top tips for first time buyers to help you prepare and give you the best chance of securing the home you want. 1. Check your credit score and take steps to improve it if you need to...
Lending by bank of mum and dad reaches a record £10 billion
Research by estate agent Savills has found that the bank of mum and dad will finance nearly half of all first-time buyer purchases this year. The study found that total contributions are likely to reach £9.8 billion, which is equal to an average of just over £58,000 each for an estimated 169,000 first-time purchases. This...
Applications are open for the new Help to Buy: Equity Loan 2021 2023
The new phase of the government’s Help to Buy scheme is set to launch on 1 April 2021, with the existing scheme closing the previous day. With average house prices at a record high, many first-time buyers are struggling to afford their own property. The Help to Buy scheme assists buyers to purchase a new...