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Government announces support for first-time buyers

Those struggling to get themselves onto the property ladder are to receive a boost from new government measures, announced last week. As part of the new draft legislative programme unveiled by housing minister Caroline Flint last week, the government is seeking to tackle first-time buyer difficulties by allowing them to apply for the HomeBuy programme. Through this ...

20th May 2008

First-time buyers drive down property values

Hard bargaining first-time buyers are forcing down sellers to drop their valuations, new research has shown. According to a MoneyExtra study, the average property value considered by buyers new to the market was £170,559 in April, a 5.75 per cent dip from the figures for March. Robin Amlot, senior editor of MoneyExtra, revealed that the attitude of first-time buyers ...

7th May 2008

For sale news archive

City dwellers ponder country move

A large number of city dwellers are considering a move to the countryside, new research has revealed. According to a Yorkshire Bank survey, some 59 per cent of city folk are currently mulling over a rural move for health and wellbeing reasons. Gary Lumby, head of retail at Yorkshire Bank, claimed that many buyers were considering their long-term future when purchasing ...

7th May 2008

Financial advice key to overseas purchase

Property investors looking to make a purchase in the burgeoning overseas marketplace should seek advice before a making a decision, experts have claimed. According to Savills Private Finance, seeking counsel from specialists is important, especially when borrowing is a part of the investment plan. Miranda John, international manager with Savills specialist financial ...

6th May 2008

First-time buyers urged to consider market changes

With predictions of further house price falls, those planning to get themselves onto the UK's property ladder should tread carefully. That is according to Andy Pratt, spokesperson for mortgage advisor Alexander Hall, who advised that, with the current uncertainty in the market, first-time buyers should "look at the options". He said that prospective home buyers ...

25th Apr 2008

Credit crunch continues to affect property market

The current economic climate is leading an increasing number of potential homebuyers to postpone their property purchase, it has been revealed. According to new figures from the National Association of Estate Agents (NAEA), last month saw a decline in the market share of first-time buyers, reflecting the pressure being put on them by tightening mortgage lending criteria. ...

24th Apr 2008

First-time buyers hit by rising cost of living

Those struggling to get themselves onto the UK property ladder are facing greater difficulties due to the rising cost of living. That is according to research published yesterday (Monday, April 21st) by Sainsbury's Finance, which revealed that increasing living costs were leading potential first-time buyers to save less for their deposits. It was discovered that over the ...

23rd Apr 2008

First-time buyers delaying property purchase

A large number of potential homebuyers in the UK have decided to postpone their plans of getting themselves on the property ladder. That is according to new research from Abbey Mortgages, published on Tuesday (April 15th), which revealed that some 1.1 million British consumers have opted to defer their planned house purchase. This figure accounts for 67 per cent of all ...

18th Apr 2008

First-time buyers could become an 'endangered species'

Those looking to get themselves onto the UK property ladder are set to face even greater difficulties in the coming months, it has been claimed. According to MoneySupermarket, the online price comparison service, 100 per cent mortgages are now offered by only one mainstream lender The deal is still available with Bristol & West, a lending arm and subsidiary of the Bank ...

9th Apr 2008

Property auctions provide better market value than estate agents

Property auctions are adjusting more quickly to the changes in the UK's property market and as such offer better value to buyers and sellers. That is according to Savills, which has asserted that this is the reason why percentage sales in property auctions have increased this month. Auctioneer director Chris Coleman-Smith noted that while auctions are primarily about ...

31st Mar 2008

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