First-time buyers need more help, review finds – BBC News

The Redfern Review has found that first-time buyers need more help in order to be able to afford their first home. Home ownership in Britain has fallen from from 71% to just 64% over the last 12 years, a result of rising property prices. Young people in the 25-34 year old range have been particularly […]

Most renters feel they’re unlikely to buy home in next five years – review – The Guardian

Buying your first home can be an exciting yet daunting process, with the slow increase in property prices and the financial wobble caused by brexit, young people in the U.K. are feeling the pressure more than most. 62% of people asked in a poll revealed that they felt that they will be renters forever due […]

First-time buyers bear brunt of ‘resilient’ house prices – The Week UK

The soaring rate of house pricing is coming to an end in London and other Southern cities. Prices have gone through the roof in these areas over the past few decades, due to lack of supply and growing demand. However, due to poor affordability and lack of people able to participate in the market, this […]

London’s huge surge in house prices is actually pushing out families … – Yahoo Finance UK

Families are being increasingly pushed out of living in London by rising house prices. House prices in the capital have risen 85% since 2009, meaning a lot of people can no longer afford to live there. Previous studies have shown young people being priced out, but further research adds that families are also struggling and […]

A new generation of housing – the start-up story behind Chototel – Telegraph.co.uk

At the age of 24, Rhea Silva set up Chototel, which uses new and sustainable technology to create rooms for rent as low as $1 per person per night. Her family were social entrepreneurs in banking and housing in India, and Silva learned to run her father’s business after he suffered a heart attack. Her […]

Buying a house? Stretch your finances, not yourself – Livemint

Most people look forward to owning their own house, and financial stretch is needed for this, but the stress which accompanies optimistic borrowing should be avoided, according to livemint.com. This stress can be avoided by budgeting carefully in advance, saving the largest possible deposit and settling for renting while income is too low to buy. […]

Homeowners ‘spending thousands’ chasing cheaper mortgage rates – BT.com

Mortgage deals with lower interest rates are not necessarily the cheapest option according to website lovemoney.com. Thousands of pounds can be spent on arrangement and remortgaging fees. The total cost of the mortgage should take into account the fees and term of the mortgage rather than just the interest rate. Homeowners ‘spending thousands’ chasing cheaper […]

Greedy sellers’ high asking prices blasted by mortgage firm – Estate Agent Today

A report from the Post Office’s mortgage arm has claimed high selling prices are responsible for the average UK property taking up to 91 days to sell. Despite the average house price increasing by 8.7% over the last year, the Post Office has seen both supply and demand for homes decreasing recently. Greedy sellers’ high […]

A 5-Point Checklist for Buying Your First Home – Money Magazine

First time house buyers should start by checking their credit reports, according to Time.com. Creditworthiness affects interest rates, so mistakes on records must be checked before applying for a mortgage. Prospective buyers should also set a budget of up to 2.5 times salary and decide whether a fixed- or adjustable-rate mortgage will suit them better. […]

UK property prices bounce back to near record | David Sapsted … – Re:locate Magazine

House prices in England and Wales have returned to near record levels, according to Rightmove.co.uk. They have found that sellers are particularly advantaged in Wales and northern England due to a decrease in available houses. While more houses are available in southern England, prices have still risen as confidence returned to the market some weeks […]