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The affordability levels for first time home buyers is at an eight year high, according to new research from one of the largest lenders in the nation, but few are actually taking advantage of the rates and buying new properties. According to the annual Halifax First Time Buyer Review that came out this month the average [...]  A recent study shows that the overwhelming majority of prospective home owners, 66%, believe they will never have their own property. A place where renting is the norm, over 50% of people aged 20 to 45 felt the country was like the rest of Europe. It is thought that Britain will become a renter’s nation [...] Throughout 2011 first-time home buyers will not get past the stuck in the mud mortgage interest rates. The Council of Mortgage Lenders reports that the Net mortgage is due to drop to an all-time low for three decades. The banks have ostracized most of those just starting out in their adulthood by limiting the number of [...] The economy is creeping and first time home buyers find it impossible to purchase their first home. Meanwhile, prices were plummeting in autumn. Lower prices reported by surveyors were 40% more numerous than those at higher prices, according to the Royal Institution of Chartered Surveyors (RICS). Only a month ago they topped off near 50%. [...] |
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