First time buyers have been the driving force behind the housing market and this is shifting to home movers due to the Coronavirus pandemic.

Demand for property from new buyers entering the market has maintained pressure on house prices rising 2.6% for the year.

Second steppers looking for larger homes are driving the price of three and four bedroom properties to new record high prices.

Property prices for first time buyers in London rise by 98% over the decade and deposits are more than double the national average.

Homebuyers are more reliant than ever on the bank of mum and dad funding nearly a quarter of all housing transactions.

Buyer demand is up a third this year and no signs of losing momentum with house sales 76% higher over the five year average.

The number of house sales have reached a record for the last ten years as summer holidays are replaced by moving home.

HSBC has cut rates to 1.14% on higher loan to values benefiting existing homeowners looking to move or remortgage.

Help to Buy schemes have been extended to March 2021 allowing thousands of homeowners to complete on their new build properties.

The changes to stamp duty has seen the sales agreed in London boosted by 27% as buyers save thousands on purchases.

Post lockdown the UK housing market is in a mini-boom with asking prices at record highs and rising £7,640 this month.

Almost a third of the UK workforce intend to continue working from home to save the plant in a self imposed green lockdown.

The Chancellor has launched a stamp duty holiday to help kick start the property market saving buyers thousands for a new home.

The number of sales are 4% higher than the pre-lockdown level rebounding in the northern cities of Leeds, Sheffield and Manchester.

With an uncertain mortgage market Nationwide has removed their high loan to value mortgage deals for new buyers, tripling deposits.

With strong demand from buyers asking prices for property are up on average 1.9% compared to March before the Coronavirus lockdown.

Living through lockdown over a third of Brits have a greater sense of community with their neighbours and are positive about their homes.

Demand for property has increased by 88% as the English housing market reopens and exceeds pre-lockdown levels.

As the housing market reopens there is demand with 5.2 million visits from prospective home movers supporting house prices.

Two and five year fixed mortgage rates have reduced to historic lows giving you the chance to save money by switching to a preferential rate.