Chancellor Kwasi Kwarteng’s mini-Budget in September brought a flurry of new stamp duty thresholds for first-time buyers (FTBs) on a permanent basis. In addition, stamp duty was eradicated for purchases of land and buildings for commercial or new residential development. Now that the measures have further bedded into
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Homes England has launched a Help to Build Equity Loan scheme, which aims to help people self-build or custom-build their own home with a 5% deposit. Under the new government scheme, self and custom builders will have three years to build their home. Once build, the Help to Build Equity Loan is paid by the government
Digital lender StrideUp is targeting first-time buyers with the launch of a shared ownership mortgage product that offers loans at up to six-and-a-half times income. Customers will need a 10% deposit to buy in partnership with the firm, and then make a single monthly payment covering repayments and rent, which allows
With house prices soaring, mortgage rates rising and the UK gripped by a cost of living crisis, aspiring first-time buyers may be wondering whether their homeownership dream will ever become a reality.