Article 2MXC5 Smaller deposits raise hopes for UK first-time homebuyers

Smaller deposits raise hopes for UK first-time homebuyers

by
Katie Allen
from Economics | The Guardian on (#2MXC5)

Hamptons says re-emergence of higher loan-to-value mortgages combined with lower lending rates and cooling prices have boosted purchase prospects

Easier access to mortgages with a small deposit has offered some glimmers of hope for first-time buyers struggling to get on to Britain's housing ladder, according to a new report.

Research on the amount of time it takes to save for a down payment on a home suggests buyers have been helped by the greater availability of mortgage loans at higher loan-to-value (LTV) ratios.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title Economics | The Guardian
Feed Link https://www.theguardian.com/business/economics
Feed Copyright Guardian News & Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments