Figures from the CML estimate a 30% rise in mortgage lending over the year as homebuyers seek to complete before the April deadline.
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Category Archives: New-build Homes
House prices are higher by 6.7% over the year and out of reach for many as London and the East are leading the regions.
An MP committee has found that 40% of ex-council homes sold using right to buy are now privately rented properties.
Lenders for the new London Help to Buy are offering mortgage rates as low as 1.55% to first time buyers and home movers.
The ONS data shows the pace of house price growth remains strong with London higher by 9.8% ahead of the UK average.
From February the new London Help to Buy scheme will offer homebuyers loans up to 40% of the property value to purchase new-build homes.
People struggling to buy their first home are given a helping hand with the Help to Buy Isa free from tax and up to 4% interest.
Landlords of buy-to-let properties must pay much higher stamp duty land tax following the chancellor’s Autumn Statement.
The government’s Help to Buy scheme has hit record levels in June for the equity loan part with 4,745 completions.
A survey sponsored by Shelter shows that half of parents expect their children would require an inheritance from them to buy their first home.