Opinion
Homebuying should be easier to fund as well as easier to do
Simon Chapman of Vida Homeloans says improving the homebuying process is no substitute for tackling the affordability barriers facing first-time buyers.
Deposits
News
Solo first-time buyers face 9-year wait to save for first home
reallymoving research found a solo first-time buyer in England needs to save for 113 months to raise the £27,315 needed for a 10% deposit and upfront moving costs.
News
One in three renters face 35-year wait for first-home deposit, Skipton finds
73% of aspiring homeowners felt locked out of the property ladder, with 45% saying high rents are stopping them from saving.
News
Detached home deposits could top £69,000 within a decade, research finds
Sell House Fast analysed long-term housing market trends and projected house prices.
News
flatfair calls for genuine tenant choice and strong standards in deposit alternatives
Gary Wright said: “Tenants should always be able to make a clear and informed decision about how they meet their deposit obligations."
Politics
Majority of under-40s back early state pension access to help fund homeownership
More than half of people aged 25 to 40 support a proposal allowing them to access a year's worth of state pension early, as concerns over housing affordability and homeownership continue to grow.
News
Emoov urges FTBs to rethink deposit size before buying a home
Emoov found buyers often assume 20% is the minimum needed, although low-deposit mortgages are widely available.
News
22% of FTBs stay in toxic jobs to save for a deposit, survey finds
Data found that 19% delayed expanding their family to save for a home, while 16% said saving for a deposit caused more arguments with their partner.
News
Gatehouse Bank removes deposit requirement for discounted family purchases
The change means customers can now access finance up to 75% finance-to-value (FTV) without contributing a deposit from their own funds.
News
Four in five buyers unaware of low deposit options, MAB finds
Only half correctly identified 5% as the typical minimum deposit, while almost 40% thought 10% or more was needed.
News
Lloyds Banking Group launches £5,000 deposit mortgage for first-time buyers
The product was designed to address one of the biggest barriers facing first-time buyers: saving for a deposit.
News
Half of first-time buyers use side hustles to boost deposits, says Santander
Research from Santander UK revealed that 49% of prospective buyers are now “home hustling” – using alternative income streams to accelerate deposit savings.