FT Adviser

Mortgage blog: Nearly half of Brits don’t think low-deposit loans will help them buy

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.

Embed
Embed Content: 
Image/Caption
Embed Image: 
Low-deposit mortgages may not be a panacea for homebuyers

Mortgage blog: Bad weather blamed for surprise fall in mortgage approvals

New figures from the British Bankers' Association (BBA) show that there was a surprise fall in the number of mortgages approved in the UK in January. After signs that the government's Funding for Lending scheme was beginning to boost mortgage numbers, 14% fewer mortgages were agreed in January 2013 than in January 2012.

Relevant Properties
Housebuilder: 
Embed
Embed Content: 
Image/Caption
Embed Image: 
14% fewer mortgages were agreein in Jan 2013 than in Jan 2012

Mortgage blog: Leading lender cuts rates for new-build homes

One of the UK's leading mortgage lenders is cutting its rates on its NewBuy deals, helping to improve access to lower deposit mortgages within the new-build sector. Nationwide Building Society has announced that it is cutting its NewBuy rates by up to 0.45%, resulting in cheaper mortgages to anyone buying through the NewBuy scheme.

Relevant Properties
Housebuilder: 
Embed
Embed Content: 
Image/Caption
Embed Image: 
Nationwide has reduced rates on NewBuy and MI New Home loans

Mortgage blog: FTB borrowing up as end of stamp duty holiday slump ends

The number of first-time buyer mortgages advanced in May 2012 was up by over a fifth compared to the same month last year. In a sign that the slump following the end of the stamp duty ‘holiday' is over, data showed that first-time buyers borrowed £2.3 billion in May 2012, up by almost 50% on April's figures. Mortgage lending was also up across the board, suggesting a small recovery in the housing market.

Relevant Properties
Housebuilder: 
Embed
Embed Content: 
Image/Caption
Embed Image: 
Lending to first-time buyers is on the rise again

Mortgage blog: First-time buyers continue to rely on ‘Bank of Mum and Dad’

First-time buyers are continuing to rely on their parents to help them get onto the property ladder. That's the conclusion of recent research by the Council of Mortgage Lenders (CML) who believe that thousands of new homeowners are receiving help from the so-called ‘Bank of Mum and Dad'.

Embed
Embed Content: 
Image/Caption
Embed Image: 
More young first-time buyers than ever rely on parental help