Related topic: First-time buyer

Homeownership is happening later in life, with over-50s now one of the fastest-growing first-time buyer groups.

The changes include a range of products for first-time buyers.

A new tool demonstrates how a part-and part-mortgage could allow shared ownership customers to buy out their housing association’s share.

73% of aspiring homeowners feel ‘locked out’ of the property ladder, with nearly half saying high rents are preventing them from saving.

The new product will replace the Lifetime ISA.

Homeowners continue to adapt to market conditions, with 42% saying they are now more likely to lock in their remortgage rate early.

Proposals to introduce digitalised upfront information received widespread industry support.

In the six months to March, societies provided 61,730 mortgages to first-time buyers.

The reforms will cut buying times by around four weeks and save first-time buyers an average of £650.

Advisers carried out more than 1.7 million first-time buyer searches between 1st January and 29th May.