The likelihood of taking out home owner loan and buying their own house is becoming a distant dream for many individuals in the UK, as a new survey has discovered that, on average, it will take someone at last ten years to save up a large enough deposit to meet lenders strict loan to value [...]
A large number of borrowers in the UK have the option of overpaying on their home owner loan or mortgage, yet do not take advantage of this opportunity, even though they may be saving regular monthly amounts in a separate deposit account with their bank.
New figures from First Direct have shown that it could be [...]
For several years now, first time buyers have been struggling to get themselves onto the housing and home owner loan market, due to the high cost of a typical property, as well as the difficulty in being able to get a suitable home owner loan or mortgage.
The government has just announced a range of measures [...]
Concerns are growing that the average age of a typical first time buyer in the UK is increasing significantly, to the level whereby they may not be able to get a traditional home owner loan or mortgage due to their age.
Back in the 1960’s the average age of a first time buyer with a home [...]
There has been some good news for building societies and mutual lenders in the UK, as the latest figures from the Building Societies Association (BSA) have shown a significant increase in the number of new home owner loans and mortgages being approved.
The latest figures from the BSA have revealed that the amount of gross lending [...]
The number of first time buyers entering the housing and home owner loan market has fallen to its lowest level since November 2010, according to the monthly loan figures for September from e.surv, as banks and building societies target equity rich movers, who only require low loan to value products.
The figures have shown that the [...]
For some time now, it has been extremely difficult for first time buyers to get themselves into the housing and home owner loan market, due to a combination of high house prices, low deposits and unaffordable home owner loan and mortgage products.
However, the number of first time buyers entering the home owner loan market has [...]
