Finance and Credit Professional

First-time buyers need to approach the housing market with caution, an industry expert has warned.According to Paul Davies, spokesperson for Mortgage Financial, young professionals looking to get on to the bottom rung of the housing market should opt for a mortgage product that is suited to their needs and future career aspirations. However, he suggested [...]

Potential first-time buyers are developing problems getting into the property market as they frequently spend money which is intended to go towards housing deposits, it has been suggested.According to research conducted by Abbey, some 11.2 'dipped into' their account at least once. One out of five (19.5 per cent) respondents were reported to take out [...]

In research carried out by the Council of Mortgage Lenders (CML), the number of first-time buyers getting on the property ladder was revealed to have fallen.Over the course of June, some 35,600 loans were issued to those looking to make their initial steps into the housing market - down from the 39,800 recorded in the [...]

Consumers are spending an increasing proportion of their salary on mortgage repayments, new figures reveal.In the Woolwich Mortgage Affordability study conducted by Barclays about a third of first-time buyers'income is now spent making payments on secured loans. Over the course of June, those homeowners in their 20s - reported to make up the majority of [...]