{"id":131577,"date":"2022-11-14T07:01:25","date_gmt":"2022-11-14T00:01:25","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/exodus-of-first-time-buyers-puts-brakes-on-uk-housing-market\/"},"modified":"2022-11-14T07:18:50","modified_gmt":"2022-11-14T00:18:50","slug":"exodus-of-first-time-buyers-puts-brakes-on-uk-housing-market","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/exodus-of-first-time-buyers-puts-brakes-on-uk-housing-market\/","title":{"rendered":"Exodus of first-time buyers puts brakes on UK housing market"},"content":{"rendered":"


\nHike in mortgage costs after mini-budget cuts 20% off buyer demand in OctoberFirst-time buyers pulled back most from purchasing a home after the increase in mortgage costs following the mini-budget, according to a report showing a widespread slowdown in the property market. Figures from the property platform Rightmove show buyer demand fell 20% in October compared with a year ago, as house-hunters put their property searches on hold in response to soaring borrowing costs and rising economic uncertainty. Continue reading…
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\nSource : theguardian.com
\nRead more…Exodus of first-time buyers puts brakes on UK housing market<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hike in mortgage costs after mini-budget cuts 20% off buyer demand in OctoberFirst-time buyers pulled...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-131577","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-yed","jetpack-related-posts":[{"id":54427,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/stagnant-buyer-demand-puts-the-brakes-on-uk-housing-market\/","url_meta":{"origin":131577,"position":0},"title":"'Stagnant' buyer demand puts the brakes on UK housing market","date":"May 11, 2017","format":false,"excerpt":"\r Royal Institution of Chartered Surveyors report suggests slowdown may worsen due to election uncertainty and an \u2018acute shortage\u2019 of fresh listings The UK housing market is continuing to slow down, with falling property sales, \u201cstagnant\u201d buyer demand and general election uncertainty all adding up to one of the most\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130772,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-rise-in-october-despite-economic-turmoil\/","url_meta":{"origin":131577,"position":1},"title":"UK house prices rise in October despite economic turmoil","date":"October 17, 2022","format":false,"excerpt":"\r Average price of a property coming to market up 0.9%, says Rightmove, but first-time buyer demand has droppedAsking prices for houses in the UK edged higher in October, although demand from first-time buyers has dropped as mortgage rates surge.Despite the economic turmoil since the government\u2019s mini-budget last month, there\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":133071,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-extends-generation-buy-mortgage-guarantee\/","url_meta":{"origin":131577,"position":2},"title":"Government extends \u2018generation buy\u2019 mortgage guarantee","date":"December 20, 2022","format":false,"excerpt":"\r Scheme to help first-time buyers on to property ladder has been used by more than 24,000 households across UKThe government is extending the mortgage guarantee scheme, which helps buyers with small deposits get on the property ladder as higher borrowing costs threaten to put the brakes on the UK\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131868,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-post-biggest-fall-since-2020-after-mini-budget-chaos-business-live\/","url_meta":{"origin":131577,"position":3},"title":"UK house prices post biggest fall since 2020 after mini-budget chaos \u2013 business live","date":"December 1, 2022","format":false,"excerpt":"\r Average UK house prices fell 1.4% in November, as \u201cthe fallout from the mini-budget continued to impact the market,\u201d says NationwidePotential buyers are now haggling house price down, reports north London estate agent Jeremy Leaf. \u2018Prices are softening but could have fallen further were it not for those two\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143159,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-first-time-buyers-how-to-get-yourself-mortgage-ready\/","url_meta":{"origin":131577,"position":4},"title":"UK first-time buyers: how to get yourself mortgage ready","date":"March 23, 2024","format":false,"excerpt":"\r High property prices and rising interest rates and living costs are hindering would-be homeowners, but there are optionsDiary of a first-time buyer: \u2018Five brokers, four offers - but at last I\u2019m a homeowner\u2019How to pick a mortgage and the best UK dealsDream homes for first-time buyers in England \u2013\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139324,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-time-buyers-in-uk-drop-by-a-fifth-as-higher-mortgage-costs-bite\/","url_meta":{"origin":131577,"position":5},"title":"First-time buyers in UK drop by a fifth as higher mortgage costs bite","date":"September 27, 2023","format":false,"excerpt":"\r Lender says homes needing renovation are most in demand as people seek cheaper propertiesThe number of first-time buyers in the UK has fallen by more than a fifth, while homes in need of renovation are most in demand as buyers look for cheaper properties, in the latest evidence that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/131577"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=131577"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/131577\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=131577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=131577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=131577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}