We believe the first time buyer (FTB) market is a potential growth area in 2012. We will be behind the drive to open up more lending for frustrated tenants and “wannabe” homeowners - we think this is a good thing to do for the right consumers and will help to lobby in this regard.
Thinking of becoming a Guarantor? National counties has created a 10 point guide (PDF: 35KB) to help with the decision making.
Woolwich mortgages from Barclays launches Helpful Start
Helpful Start, a new initiative to help more buyers onto the property ladder. The first part of this scheme by Woolwich mortgages from Barclays launches with their ‘Family Affordability Plan’. This enables parents to help their children get on or to move up the property ladder without giving a lump sum away through a joint mortgage. Visit Woolwich’s lender page now for more information.
Great news - Halifax to pay half of borrowers' Stamp Duty bills
Halifax's new deal for any first-time buyers or homemovers is to pay half of the Stamp Duty bill, reducing a buyer's costs up to £1,250. Find out more information in Mortgage Solutions.
The government’s NewBuy housing initiative has officially launched on Monday 12 March, with three lenders - Nationwide, Barclays and NatWest on board (Natwest, not currently through intermediaries). Halifax have also recently launched their range on April 16. The government hopes this scheme will help people to borrow up to 95% of the value of new homes.
The Mortgage Works, a subsidiary of Nationwide now offers Guarantor Mortgages. This provides FTBs the opportunity to get onto the property ladder making ownership possible. Find out more.
Key benefits of Guarantor Mortgages:
Whilst there’s much doom and gloom about the housing market, there are several positive reasons why first time home ownership may be a possibility for many:
We want this page to be your hub for information on FTBs – if you have any ideas of other information or material we should add, email us at firstname.lastname@example.org
If you have any questions, please call our Mortgage Support Services team on 01226 230 504.
Monday to Friday 9am to 5.30pm. We may record and monitor calls. Call charges may vary.