Tag Archives: first time buyers

The Help To Buy IS-A-not Helping Anyone

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Help to Buy isa

As house prices continue to rocket, the government scheme which was created with the intention to help those most in need to get onto the housing market, is being priced out. There are restrictions in the terms and conditions of the Help to Buy ISA which stipulate the money is to be used for house purchases on property values of up to £250,000 in areas outside London and £450,000 in London. But with average house prices in the UK having increased by 8.2% in the last year since the scheme was released, how are people expected to find properties that […]

YO! Sushi founder has developed new homes!

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This may sound like a scene out of a science fiction film and when you imagine what your first property may look like, you may be picturing a beautiful solid oak kitchen, a power shower and a bedroom large enough to accommodate all your belongings. But can you imagine yourself living in a house where a dining room table appears from a compartment in the floor, a king size bed that lowers from the ceiling above you and walls that slide away to provide extra room? YO! Sushi founder has developed new homes! This is the exact vision initiated by […]

New Home Building is up by 15 per cent

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To build or not to build is not exactly a choice for the British population. Many areas of the UK have been promised new housing developments to accommodate a growing population. The latest statistics from ONS has reported that new home building is up by 15 per cent year on year. There were 131,000 new homes completed in the UK in the last 12 months and the highest annual total since June 2009. The new rate of housing built is expected to rise to meet the government’s target of 275,000 per year by 2020. Housing Minister Brandon Lewis welcomed the latest […]

London Rents Reach £1,500 for First Time

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London rents reach £1,500, the highest they have ever been, spelling bad news for first-time buyers who cannot afford expensive deposits. We reported on rising house prices in our last article, which is a great thing for the British economy and for prospective property sellers, looking to sell quick. However, if you are yet to step foot on the property ladder, and like many others are looking at renting as an alternative then you won’t enjoy the latest news of a 12.5% rise in typical rental prices across the UK. These figures come from the latest HomeLet rental index published […]

Game of Homes: Guide to Joining the Property Ladder

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Any homeowners will know that buying a house is one of the most difficult, exciting and financially tiring processes anyone will endure in their lifetime. Purchasing a home of your own, whether it’s your first or tenth, is never an easy task. Over the years, the world has become obsessed with the oh-so popular television series Game of Thrones. Whether or not “winter is coming” – as Jon Snow would say – buying a house represents a similar game when approaching the property market! Therefore, it is fitting to call the process Game of Homes. In games such as ‘Snakes […]