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Family support accounts for £11bn in first-time buyer funding

More than half of first-time buyers in the UK require financial support from family members to purchase their first property, with total family contributions reaching £11 billion including inheritance. The data from Savills shows 53% rely on family assistance through gifts, loans, or inheritance, whilst 64% draw on their own savings. The post Family support accounts for £11bn in first-time buyer funding...

Ground rent cap implementation brought forward to 2027

The government will introduce a £250 annual cap on residential ground rents in England and Wales by late 2027, a year earlier than previously planned. The accelerated timeline affects more than four million leaseholders following pressure from MPs and parliamentary committees. The post Ground rent cap implementation brought forward to 2027 appeared first on...

UK mortgage affordability reaches tightest level since 2008

UK homebuyers are now spending 21.3% of gross household income on initial mortgage repayments, the highest proportion since 2008. Regional disparities show North Norfolk, Hillingdon and Luton face the most acute affordability pressures. The post UK mortgage affordability reaches tightest level since 2008 appeared first on...

FCA proposes mortgage rule changes for wider borrower access

The Financial Conduct Authority has published proposals to reform mortgage lending rules, aiming to expand access for first-time buyers, self-employed workers and older borrowers. The consultation remains open until 28 July 2026. The post FCA proposes mortgage rule changes for wider borrower access appeared first on...