Ten year wait for first time buyers to raise a deposit
Nearly half (47 per cent) of prospective first time buyers expect it will take ten years or more to save a deposit for their first property, according to Post Office Mortgages.
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Post Office offers 75% LTV five year fixed deal
The Post Office is cutting mortgage rates by up to 0.40% on many of its fixed rate mortgages products, while also reducing or removing arrangement fees on selected products.
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A third of young men eyeing up property
Young men are now leading the way in the UK housing market with over a third (36 per cent) planning to buy a home in the near future, compared to 32 per cent of women, according to Post Office Mortgages.
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Five year optimism for first time buyers
An optimistic one in eight people (12 per cent) say they are hoping to buy their first property in the next five years according to research from the Post Office.
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The Post Office is cutting its mortgage rates by up to 1.01% on a range of its fixed rate and tracker mortgages, expanding its offering to those with larger deposits, whilst maintaining a range for first time buyers.
House price growth remains stable across most of the UK, although prices in London are increasing and prices in Northern Ireland are falling.
New evidence supports Yorkshire Building Society’s findings that more borrowers are choosing to fix their mortgage for the longer term as economic conditions remain uncertain.
Latest research from Halifax shows the ability of key public sector workers to purchase their own home continues to improve and is approaching the level achieved ten years ago before the house price boom.
Research commissioned by specialist buy-to-let lender Paragon Mortgages, has shown a significant regional shift in the rental yields achieved by landlords.
