{"id":139324,"date":"2023-09-27T06:01:41","date_gmt":"2023-09-26T23:01:41","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-time-buyers-in-uk-drop-by-a-fifth-as-higher-mortgage-costs-bite\/"},"modified":"2023-09-27T06:18:59","modified_gmt":"2023-09-26T23:18:59","slug":"first-time-buyers-in-uk-drop-by-a-fifth-as-higher-mortgage-costs-bite","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-time-buyers-in-uk-drop-by-a-fifth-as-higher-mortgage-costs-bite\/","title":{"rendered":"First-time buyers in UK drop by a fifth as higher mortgage costs bite"},"content":{"rendered":"


\nLender 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 people are struggling with higher mortgage costs.There were 22% fewer first-time buyers between January and August compared with the same period last year, according to the mortgage lender Halifax. They still accounted for more than half (53%) of all home loans agreed in the first eight months of this year, similar to a year earlier (52%). Continue reading…
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\nSource : theguardian.com
\nRead more…First-time buyers in UK drop by a fifth as higher mortgage costs bite<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Lender says homes needing renovation are most in demand as people seek cheaper propertiesThe number...<\/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-139324","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-Afa","jetpack-related-posts":[{"id":144315,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-steady-in-april-as-higher-mortgage-rates-bite\/","url_meta":{"origin":139324,"position":0},"title":"UK house prices steady in April as higher mortgage rates bite","date":"May 7, 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completions in the UK increased by 50% during a \u201cblockbuster\u201d March as buyers raced to avoid higher stamp duty payments, according to Barclays.The lender reported its busiest month\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":160930,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-lender-offers-98-mortgage-to-first-time-buyers-but-bars-bank-of-mum-and-dad\/","url_meta":{"origin":139324,"position":2},"title":"UK lender offers 98% mortgage to first-time buyers \u2013 but bars bank of mum and dad","date":"September 13, 2025","format":false,"excerpt":"\r Newcastle building society aims for those with smaller deposits and no help hoping to get on to housing ladderFirst-time buyers are being offered the chance to borrow up to 98% of the price of a property \u2013 but they cannot get help with their deposit from the bank of\u2026","rel":"","context":"In "Property 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