The average mortgage rate across all LTVs remains 0.69% higher than in March.
The average mortgage rate across all LTVs remains 0.69% higher than in March.
The overall fall in applications in Q2 was mainly driven by remortgage applications, which were down 38%.
During the first five years of the mortgage, a buyer using a no-deposit product would pay an estimated £158,104 in interest alone.
Most now favour giving money to family while alive, rather than leaving it in a will.
The new lending approach includes enhanced criteria for first-time buyers, self-employed applicants, contractors and customers with complex income.
The average value of home movers’ deposits fell -24.8% year-on-year, despite the average purchase price rising 1%.
Ahmed Bawa, CEO of Rosemount Financial Solutions (IFA), says the biggest challenge for many first-time buyers isn't simply accumulating enough money, it's understanding what comes...
First-time buyers say the curriculum failed to equip them for interest rates, mortgages, and the baseline requirements of owning a home.
Kate Davies, executive director of the Intermediary Mortgage Lenders Association, says for most households, homeownership remains the most realistic and effective route to building...
A delayed reaction among first-time buyers may now be emerging, as fresh economic and market uncertainty starts to weigh on confidence.
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