Latest data from Moneyfacts shows the amount of cashback offered by lenders to first time buyers with small deposits is lower in the last two years.
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Monthly Archives: January 2017
For the first time since 2011 the number of home movers has decreased due to the low availability of the ‘right type’ of homes slowing the market.
Home buyers borrowed £11 billion in November up over 5% on the month reflecting a stable market and aspirations for home ownership.
The rise in property values for the East of England are leading the market with new-build homes seeing a 32% price increase in the last year.
The number of first time buyers reaches an all time high last year with more people opting for longer term mortgages of 30-years or more.
After years of falling rates the 10-year fixed rate mortgage costs are beginning to rise according to research from Moneyfacts.