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Over recent months, the government have taken steps to increase the availability of low-deposit mortgages in an aim to boost the housing market. However, new research has revealed that access to low-deposit loans may not be the magic bullet that the mortgage market needs.
The number of first-time buyers in the UK has reached its highest level since 2007, according to new figures from the Council of Mortgage Lenders (CML). A total of 216,000 first-time buyers climbed onto the property ladder in 2012, the first time that the annual total has exceeded 200,000 since 2007.
The number of first-time buyers was 12% higher than in 2011, providing evidence that the UK's property and mortgage market is finally recovering.
A leading expert believes that "it is getting easier to obtain a mortgage without a large deposit". A combination of government schemes, better mortgage deals and a relaxing of lending criteria is gradually encouraging buyers back to the market and a leading industry body believes that the situation will improve in 2013.
Sue Anderson from the Council of Mortgage Lenders (CML) expects first-time buyers to find it increasingly easy to get onto the housing ladder in 2013.
Britain's economy might be flirting with a ‘triple dip' recession, but a growing number of landlords in the UK believe that now is a great time to invest in property and are looking to add to their property portfolios as a consequence.
Cheap mortgages, high rental yields, a growing supply-demand imbalance, low bank saving rates - there is an endless list of reasons to currently consider investing in property.
Are you looking to join the buy-to-let boom? Now could be the time to invest, as new figures from the Council of Mortgage Lenders (CML) show that there was a surge in buy-to-let lending in 2012. Lending to landlords accounted for 11.5% of all mortgage lending last year, up from 9.8% in 2011.
Both so-called ‘virgin' landlords and experienced investors are taking account of soaring rents and falling mortgage rates to benefit from property investments, as we see next.
Two new reports have revealed that the number of first-time buyer mortgages increased in 2012. Figures from surveying firm e.surv and the Council of Mortgage Lenders (CML) show a rise in first-time buyer lending, suggesting the property market is starting to recover and experts believe that the increase in the number of new house purchases is set to continue in 2013.
One of the UK's major lenders has launched a brand new scheme aimed at boosting the first-time buyer market in 2013. Barclays' ‘Family Springboard' scheme aims to offer affordable mortgage deals to new buyers with just a 5% deposit.
New figures have revealed a sharp jump in the number of mortgages taken out by first-time buyers. Council of Mortgage Lenders (CML) data shows that there was a 14% leap in the number of first-time buyer home loans in October after a slow September.
The reports said that if the current improvement in lending continued as expected, "next year should feel a more stable and positive year in the housing and mortgage markets."
New figures from the Council of Mortgage Lenders (CML) have revealed that the number of first-time buyer mortgages in Scotland reached its highest level in almost three years between July and September this year.
The data shows that first-time buyer loans were up 9% on the same period in 2011. A property expert has attributed the rise to low house prices and strong affordability in Scotland, saying that the outlook for new home buyers looks brighter than for some time.
Increased competition among lenders as a result of a government initiative has pushed mortgage lending in the UK to its highest level since November 2011. New figures from the Council of Mortgage Lenders (CML) show that gross mortgage lending in October reached £12.9billion, 4% higher than the same month in 2011.
The increase has been attributed to the government's Funding for Lending Scheme, as we see here.