house buying

Bank of Mum and Dad risks deepening inequalities in the housing market

12th May 2025 Consumer Lending | #house buying

New analysis from UK Finance has warned that increasing reliance on family support from the Bank of Mum and Dad risks deepening inequalities in the housing market, highlighting the impact of family financial support in the first-time buyer (FTB) market. Nationally, first-time buyers who receive assistance are able to buy a home at an average…

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Average earners need £369K deposit for a London home

13th March 2025 Consumer Lending | #house buying

Buying a home in London requires an average earner to save a deposit of over £350,000 according to research by longer-term lender April Mortgages. With average house prices in the capital soaring to £581,310 – more than 12x the average income – average earners require huge deposits to afford a home. Based on a typical lending…

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First-time buyers more optimistic about getting on the property ladder

7th February 2025 Consumer Lending | #house buying

After two Bank Rate cuts in 2024, and with markets forecasting further cuts this year, first-time buyers are feeling more optimistic about becoming a homeowner than they were a year ago according to analysis by the Building Societies Association (BSA). The research that more than half of aspiring homeowners (54%) think house prices will continue…

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