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Family help

According to the Council of Mortgage Lenders, in 2012 65% of first-time buyers received some form of family assistance in order to purchase their first property.

Fortunately, the Bank of Mum and Dad does not necessarily have to hand over a wad of cash to to help first-timers buy property.

There are options for those willing and able to help out, from pooling savings in an account with the mortgage lender to augment a small deposit, to standing guarantor for the mortgage repayments.

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First-time buyers needed as mortgage approvals wane

Mortgage approvals for housing purchase in February fell 6% compared to the previous year, British Bankers' Association data has shown.

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Cambridge BS accelerates lending to five-year high

Cambridge Building Society increased its gross mortgage lending by 52% to £220m, its annual results have revealed.

Graphic showing rise in money

Parents hike rents by 25%

A study has revealed that parents have upped the rent they charge adult offspring by an average of 25% in the course of the last year.

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Barclays launches family first-time buyer mortgage

Woolwich, mortgages from Barclays, has launched a competitive new mortgage aimed at first-time buyers with small deposits.

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First-time buyer lending up

The number of first-time buyers taking out a mortgage in October increased by 20%.

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Brits still dream of homeownership

Brits still aspire to be a nation of homeowners according to Clydesdale and Yorkshire Banks.

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Nationwide to cut interest rates for first-time buyers

Nationwide Building Society will cut the interest rates charged on reduce its 90% loan-to-value (LTV) mortgages by 0.5% to 0.7% tomorrow.

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Nationwide hits highest lending levels in four years

Nationwide Building Society’s lending to first-time buyers has doubled in the first six months of the financial year and has reached its highest level of lending in four years.

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London first-time buyer numbers hit 3-year high

The level of first-time buyers in London hit a three-year high in the last quarter, despite the affordability issues faced by many in the Capital.

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Halifax receives 1,000 NewBuy applications

Halifax has passed the 1,000 mark for NewBuy applications, seven months after the lender launched its products as part of the scheme.

Short-term economic outlook remains 'confusing'

Housing market recovery seven years off

The UK housing market will not fully recover to pre-crash levels until 2019, according to a report released by Knight Frank.

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Regulator holding back mortgage market

The Financial Services Authority (FSA) has been accused of restricting a recovery in the mortgage market.

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Buying a house seen as bigger commitment than marriage

For the nation's 25-34 year olds, buying a property with a partner is a bigger commitment than getting married.

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Welsh government to launch NewBuy-esque scheme

The Welsh government is to fund a mortgage guarantee scheme to support the purchase of new build homes by struggling buyers.

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Trio of lenders slash mortgage rates

Virgin Money, Nationwide Building Society and Precise Mortgage have announced cuts to their mortgage rates, available from today.

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