Related topic: First-time buyer

Income Plus mortgages are available at up to 95% LTV and offer lending up to 5.5 times income.

Arrears numbers fell by 3% in Q3, more than reversing the modest increases seen in the first half of the year. 

24% of first-time buyers worry that mortgage rates won’t drop quickly enough for them to afford a loan.

In London, only 8% of homes for sale are set to be stamp-duty free for first-time buyers from April. 

Home mover sentiment has softened towards the end of 2024, but buyers remain positive about budgets.

Rates start from 4.99%.

20% say a fluctuating income means they’ve had to push back their property ownership ambitions.

68% of renters are eager to take on fixer-uppers to help get on the housing ladder, compared to 54% of home-owners.

73% of homebuyers said they would continue with their plans to purchase, with a further 22% saying it would only temporarily impact their plans. 

Patrick Bamford, head of international business development at Qualis Credit Risk, explores whether the Budget offered any hope to first-time buyers, why the announcements cement the...