UK first time buyers look to savings for deposits to get on housing ladder
One in eight of would be first time buyers in the UK hope to buy their first home in the next five years and almost a quarter plan to buy in 2013, research shows.
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Number of first-time buyers surges by 75pc
There was a surge in activity in the mortgage market in March, as first-time buyers rushed to make the most of the "stamp duty holiday".
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CML: Lending to first-time buyers surged 74% in rush to beat stamp duty holiday deadline
Some 24,000 loans worth £3billion were given out to first-time buyers ahead of the March 24 deadline, after which they are no longer able to take advantage of the 1 per cent duty on homes costing under £250,000.
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First-time buyer mortgage lending rose 74% before stamp duty axe
Number of mortgages advanced to first-time buyers in March hit 24,000, with 98% taking out repayment loans The end of the stamp duty holiday on homes costing between £125,000 and £250,000 led to a surge in activity in the mortgage market in March, according to figures from the Council of Mortgage Lenders (CML). The number of mortgages advanced to first-time buyers leapt by 74% during the month ...
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New UK mortgage scheme to help first-time buyers
Called the 'newbuy' mortgage scheme, it is meant to encourage first-timers back into the property market whilst stimulating the building industry and the economy.
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