Related topic: First-time buyer

First-time buyer demand softens in Q3, but Burnham’s boost to affordability only solves part of the problem, Yopa says.

Just over a third say their children are living at home specifically to save for a house deposit.

The new scheme - Your First Home - will support first-time buyers onto the property ladder.

The value of new mortgages where the deposit is less than 5% doubled to £1.5bn.

90% of first-time buyers feel prepared before they begin, but the vast majority face unpleasant surprises along the way.

The data points to a clear opportunity for mortgage brokers to support customers who may assume homeownership is out of reach.

The mortgage industry backed a stamp duty cut and further innovation for first-time buyers in the Autumn Budget as affordability continues to bite.

LV= is using the insights to highlight the important role advisers can play in helping clients build greater financial resilience through income protection.

The range is available for both first-time and next-time buyers, with rates from 6.40%.

The product enables buyers to delay their first mortgage repayment by up to three months.