There has a been a slight deterioration of consumer confidence in the housing market, caused by short-term uncertainty from the General Election result, according to the Building Societies Association (BSA).
The Scottish Government’s Help to Buy shared equity scheme has helped more than ten thousand households purchase a new home.
UK house prices rose by an average of 4.1% on an annual basis, taking the average property value to £215,847, according to March’s edition of the UK House Price Index (UK HPI). On a monthly basis, house prices have fallen by 0.6% across the UK since February 2017.
A record number of first-time buyers are now relying on financial help from family members in order to get a foot on the property ladder, according to new research from the Social Mobility Commission. The ‘bank of mum and dad’ is often the lender of choice for many would-be home owners.
An increasing number of first-time sellers think it will be harder to sell their home this year, partly due to concerns over the economy, new research from Lloyds Bank has found.