Posts Tagged ‘First Time Buyer Mortgages’

June 2010 Budget cuts to cost households £3,000 per year

Thursday, July 22nd, 2010

Cuts and increases in tax and VAT in the June 2010 Budget will cost families £3,000 over the next 4 years, including £1,100 in 2011 alone, says economics watchdog Capital Economics.

First time buyer mortgages market boosted by seasonal demand – CML

Wednesday, July 21st, 2010

First time buyer mortgages market boosted by seasonal demand - CML

Mortgage lending was up by a healthy 15% in June, but was boosted by seasonal demand for first time buyer mortgages. In the broader picture, the market is still slow, according to the Council of Mortgage Lenders CML Read More

First time buyer mortgage now needs £36,500 up front

Thursday, July 15th, 2010

First time buyer mortgage now needs £36,500 up front

To secure a first time buyer mortgage and move into your first home now requires £36,500. This includes deposit, fees and costs

FSA proposals impose limits on first time buyer mortgages

Wednesday, July 14th, 2010

In a move that may particularly affect first time buyer mortgages, the Financial Services Authority (FSA) is proposing stricter affordability tests to vet the customer’s ability to repay, and absolute, documented proof of earnings and income Read More

News for first time buyers, as house prices fall

Monday, July 12th, 2010

The Land Registry Index has recorded the first drop in house prices since March 2009. First time buyers may take note of the figures, which are based, not on deals in progress, but on sales already completed

First Time Buyers may lose stamp duty break, says Budget Report

Friday, June 25th, 2010

First Time Buyers may lose stamp duty break, says Budget Report

The stamp duty break for houses under £250,000 is now ‘under review’ by government, following the June 2010 budget report.

Spring has finally sprung for remortgage market

Thursday, June 24th, 2010

The number of mortgage approvals continues to rise as the annual ‘spring bounce’ in the mortgage market has finally arrived – two months late, but better late than never. Remortgaging is the market driver, says the British Bankers’ Association (BBA). Read more…

Budget Changes – Mortgage Cap would limit first time buyer mortgages

Monday, June 21st, 2010

Budget Changes - Mortgage Cap would limit first time buyer mortgages

Government plans to restrict mortgage lending, following the budget changes on 22nd June, could make first time buyer mortgages more difficult to obtain. Click headline to read more.

First Time Buyer Mortgages remain out of reach, says CML

Friday, June 18th, 2010

First Time Buyer Mortgages remain out of reach, says CML

First time buyer mortgages were a smaller part of overall mortgage sales in April, says the Council of Mortgage Lenders (CML), indicating that first time buyer mortgage deals remain hard to obtain.

Budget Proposals will affect Pensions, Savings and Tax. What's going down on 22nd June ?

Wednesday, June 16th, 2010

Budget Proposals for Pensions, Savings and Tax. What's going down on 22nd June ?

Budget proposals for June 22nd include changes to pensions, Income Tax, and Capital Gains Tax. They could also open up valuable investment opportunites in both Venture Capital Trusts (VCTs) and Enterprise Investment Schemes (EISs). How will the government cuts affect you? Click this headline to read all about it

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