First time buyers average age has risen by seven years since the 1960s, survey finds

According to the data and research on the demographics of first-time home buyers today, the findings may seem a little worrying. Apparently the average first-time buyer today is seven years older than they were in 1960, and today’s buyer requires as much as £20,000 for a deposit or down payment. Additionally, first-time buyers today are […]

Two-year fixed mortgage rates surge to one-year high

The two-year fixed mortgage rate has seen a recent rise to 2.4%. The raise is from 2.34 from last month. This trend was set by the Bank of England raising their rates by .5%. Those looking to broker a deal should not put off securing a mortgage or remortgage loan as these rates could go […]

‘It should be easier to add someone to a mortgage’

A qualified mortgage holder learns to their surprise that adding their partner to an existing mortgage is practically indistinguishable from initiating an entirely new home loan. The Byzantine complexity of unravelling their current loan and reapplying with now double the level of financial scrutiny comes as unwelcome news for the home owner who questions why […]

Foxtons hit as London housing market ebbs

The stagnation of the London real estate market has caused devastating damage to the famous Foxtons chain of estate agents. The grave 65% decrease is a result of slow growth in Foxton’s main market area, and the firm currently expects similarly challenging conditions to persist into 2028z. Foxton’s fortunes have historically ebbed and flow over […]

London house prices falls ‘spread’ to other cities: Hometrack

As of right now the housing in london is a at all time high on affordability. but there is also a split of pricing depending if you are looking at homes from the south and north. property transaction rate has fallen 16% since 2014 this might have caused affordability on property in london but outside […]

UK mortgage approvals rise, as interest rate hints drive pound up – as it happened

European stock markets showed gains on 26 February 2018, encouraging a market recovery after declines seen earlier in the month. American markets closed with gains of just over a percentage point, and some European markets were close behind. The Spain’s Ibex gained the most—closing 0.81% higher, followed by the FTSE 100, France’s Cac, Germany’s Dax, […]

Teacher: ‘At my salary I’ll never pay off my loan or to buy a home where I live’

A young, 23-year old woman named Tara Paxton, is struggling to live the life she wants thanks to the wavering debt of student loans. She makes her payments, but the payments do not even out weight the interest; thus, making her total amount owed increase every year. Many of her friends who do not carry […]

Cheapest places to buy a property if you’re single: Why the Staffordshire market town of Newcastle-under-Lyme tops …

Being single with a single income can make it hard to buy property but there are some places that have affordable housing that a single person can purchase. Newcastle-Under-Lyme has one bedroom flats that average three times less than other areas in England and Wales. Other areas such as North Tyneside and Kirklees are also […]

UK house prices fall as incomes squeeze in slowing economy

Due to the weaker economy and decrease in household incomes in the UK, the price of UK houses dropped in February. The future of housing prices will continue to be effected by the economy and household incomes. Brexit is also an additional factor and is causing uncertainty in the housing market. Nationwide is predicting the […]

The most affordable places to buy a home if you’re single – revealed

A recent and credible statistical analysis by Zoopla analysts revealed that North Tyneside, Bradford and the Newcastle-Under-Lyme region are the most affordable areas for single-income, younger individuals seeming to break into the property market for the first time. The main metric of the analysis revolves around the percentage of one’s income needed to pay a […]