House prices for first-time buyers up 5pc since summer

Efforts to prop up house prices appear to be having the biggest impact on first-time buyers.     The average price paid for a home by first-time buyers rose 2.7 per cent last month to £125,799, according to data collected by Halifax. The mortgage lender also published its monthly house prices survey today which, in […]

Property market gets a Budget boost so are things looking up? What next for house prices?

The Budget put the property market back on center stage, while better mortgage deals have been delivered by the Funding for Lending scheme.   Map showing the current level of affordability of property in England, calculated by measuring average prices against average earnings of residents The property market outlook   Stuck for growth, George Osborne […]

Low rates to no rate: first 0% mortgage is launched

Leeds Building Society is offering a 0pc mortgage deal – the only catch is this rate lasts for just six months.   The price war in the mortgage market has stepped up a pace, with Leeds Building Society becoming the first lender to offer a 0pc mortgage deal. Such “introductory” interest-free deals have become common […]

Royal baby: Messages of congratulations flood in after birth

Congratulatory messages are flooding in from around the world to mark the birth of the Duke and Duchess of Cambridge’s son, the third in line to the throne. Prince William said the couple “could not be happier” following the birth of the boy, who weighed 8lb 6oz and is yet to be named, at 16:24 […]