Inheritance and gifts the only way for many young people to get on the property ladder, as more struggle to raise deposits

Inheritance and gifts only way for many to get on property ladder

One in six young people between 25 and 34 years old said to have relied on inheritance from a relative to buy their own house, compared to just one in 20 people aged over 55, housing charity Shelter said. Half think their children will be able to buy their first home only after receiving an inheritance, a survey of more than 1,000 parents suggest.

New EU rules could stall Britons buying homes abroad with foreign mortgages - and make it trickier for some to buy in Britain

New rules mapped out by the European Union could be about to make it much harder for thousands of Britons to snap up a holiday home on the continent from next March.

Buying a home gets harder as house prices rise faster than wages - but low rates mean it's easier than 2010 

People look at propeties advertised in an estate agent's window in London, England on October 8, 2013. 
The Government launched their 'Help to Buy' scheme, which will enable eligible first time buyers to buy a home with only a 5% deposit, with the government guaranteeing a further 15%.  

LONDON, ENGLAND - OCTOBER 08:  
(Photo by Dan Kitwood/Getty Images)

Briton's ability to buy a home is now 3 per cent worse than it was last year, with Londoners suffering the most.

Ambitious sellers add £4k in a month to send asking prices to another record high, but lack of homes for sale squeezes buyers

Rightmove said that the challenge to meet the country's housing needs is greatest in the south of England and that a rise in interest from buyers was not met by an increase in homes for sale.

From pitch to auction house: Dion Dublin makes his Homes Under the Hammer debut - and says it's far more daunting than football

Dion Dublin makes his Homes Under the Hammer debut on BBC One

Monday morning, football legend Dion Dublin makes a debut of a different kind. He will be presenting on BBC One show Homes Under the Hammer, joining property TV rock stars Lucy Alexander and Martin Roberts. Lee Boyce speaks to him ahead of his big debut.

Britain faces a 'very real housing crisis': Homes shortage will continue to inflate property prices, experts warn

House prices are tipped to rise 2.5% this year and 4.5% a year for the next five years, by RICS, which has warned the next government must address the UK's property problem.

Baby boomer home 'hoarding' means average property changes hands every 23 years compared to eight in the 1980s

DAILY MAIL OFFER TWO FOR ONE TRADITIONAL PUB MEALS AT BREWERS FAYRE PUBLIC HOUSES,  COUPLE DINING POSED BY MODELS.
PROMOTIONS...10/4/00   Scanned by PCD   photographer: agent

The Intermediary Mortgage Lenders Association said that on average buyers hold on to the same property for 23 years before selling it, almost three times longer than in the 1980s.

Bristol letting agent under fire for telling landlords to squeeze tenants for extra rent as 11,000 locals sign petition in protest

Bristol letting agent under fire for telling landlords to squeeze tenants for extra rent

A Bristol-based letting agent has come under fire from angry locals after it sent out a letter encouraging landlords in the area to put up rents. The Southville branch of CJ Hole, which has 19 offices in Bristol, Gloucestershire and Somerset, encouraged landlords to hike them because of the 'buoyant' market in the area.

Average house price growth slows to 7.2% and London no longer leads UK property inflation league

House prices in Britain increased by 7.2 per cent in the 12 months to February 2015 latest data from the Office for National Statistics show.

Are we becoming a nation of renters? Fewer young people are saving for a deposit amid high prices and low income

A stock photo of a couple looking for houses in estate agents window.

The proportion of people aged between 20 and 45 putting money aside to buy a house has dropped from 57 per cent last year to 43 per cent this year, Halifax said.

I'm not afraid to give things a go': How to boost the value of your home - and avoid a botch job - when tackling DIY

Stefanie Danevoy went on the Goodlife Centre one-day DIY course last month after deciding she did not want to pay others to tackle basic DIY tasks around her new home.

Should we move back in with parents to save for our first home - or will lenders look favourably on us meeting monthly rent payments?

My fiancé and I have reached a crossroads. We have been renting in London for the last few years but are now ready to buy our first property in outer commuter lands.

Estate agents intentionally overvaluing homes as sellers ask for around £74k more than property is worth

While average sale prices hover around the £207,000 mark, asking prices listed on Rightmove are in the region of £281,000.

House price growth continues to slow - but the average home still earned a respectable £788 in March alone 

spt_halifax house prices march 2015.PNG

The average house price now stands at another record high of £192,970 - up another £788 over the past month alone, the latest figures from Halifax reveall

What next for mortgage rates? Fixed rates tumble to as low as 1.29% as lenders keep on cutting

Lock in a five-year fix now: The bank rate could rise as early as next year, which would send mortgage rates up

Homeowners can fix for two years at just 1.29 per cent and up to ten years at less than 3 per cent. We highlight the best mortgage deals and look at whether it is time to fix.

Top ten UK property hotspots: Sutton, Cambridge and Watford are most sought-after areas while Bristol's popularity soars

Top ten UK property hotspots include Sutton, Cambridge and Watford

Nine out of the ten areas in the UK where demand for property was highest last month are in the South East, new research shows. With commuters put off by sky-high London property prices, potential buyers are flocking to the likes of Guildford (pictured above) and Reading, online estate agent eMoov reveals. Eight out of 10 of the highest climbers in terms of housing demand since December 2014 are located in the North.

Got the keys to your new pad? Now here's how to trim back all those household bills

Glenn Day, pictured, decided he needed to cut back costs so he shopped around for a cheaper insurance deal - and saved himself £150 a year.

Put down 10% when buying a home: Scraping together a bigger deposit will open door to much better mortgage deals

First-time buyer Derek McGair, pictured with son Lewis, saved hard to put down a bigger deposit - and get a better mortgage rate - when he bought his home.

Live the dream and buy a home in the sun: As the pound trounces the euro, a property in the eurozone is 45% cheaper than before the crash

Harpal Bains in the London flat she uses for holiday swaps.
----------------------------------------
 George Jaworskyj 2015
www.urbanimages.co.uk

Laura Shannon asks the experts where to buy a bargain and how to search for a deal. Harpal Bains (pictured) prefers to exchange homes when going on holiday rather than buying one.

I can't get planning permission for my loft conversion - but if a bed still fits in, can I call it a bedroom anyway? 

Why you need our help with Help to Buy: There is help available for hopeful home buyers - but which scheme suits you best?

Unfortunately, the confusing nature of the growing Help to Buy world means some of the schemes may be far more effective than others - and it can be hard to work out which, if any, to use.

How getting a mortgage frightens three-quarters of home-owners and buyers: First-timers, the divorced and the Welsh are most worried

DKGNT2 A close-up of a REJECTED Mortgage Application document.

Despite rock bottom mortgage rates and support initiatives such as Help to Buy, many people still see the prospect of being able to get a home loan as a struggle, a study found.

Ten tips for buy-to-let: the essential advice property investors need to consider

First-time buyers need to save just £8,000 to get a mortgage for a £200,000 home after launch of Help To Buy Isa in Budget

First-time buyers need to save only £8,000 to get a mortgage for a £200,000 home,

The tiny deposit required is possible because of a combination of the lucrative bonus from the new Isa and existing homebuyer schemes that offer interest-free loans. With the Help To Buy Isa, the Government rewards savings of £200 a month with a £50 bonus. First-time buyers can also snap up a new-build home with just a 5 per cent deposit by using the Help To Buy scheme. With this, the Government offers a 20 per cent interest-free loan for five years.

As trackers come back into fashion... all you need to know about the super-flexible loans

Mark and Verity Horigan at home in Ripley , Surrey with their children Fergus(12) , Josie (10) and Alistair (6) right.
Pic: Keith Waldegrave         See story tracker mortgage story by Neil Simpson

Several banks are finally coming out of the shadows with super-flexible trackers with interest rates as low as 1.09 per cent. Here is what you need to know.

Secret diary of a first-time buyer: Our estate agent revealed his trick for stealing vendors from rivals - but there are other sneaky ploys we're much more worried about 

'Our estate agent admits he's off to steal vendors from his rivals as soon as our viewing is over.'
Our first-time buyer shares her experiences.

Would you take a 110% mortgage for a place in the Spanish sun? UK buyers offered risky loans to buy unwanted properties

PCG Invest Spain 2.jpg

Spanish lenders are desperately trying to shift hundreds of thousands of repossessed flats and villas which they took over from builders who went bust in the property crash.

The seven deadly sins of house-selling: No dirty dishes, hide the teddy collection, never tell buyers a sob story - and ideally, make yourself scarce...

ftr- housesellingdisasters.jpg

Most sellers know to wash their dishes and tidy away shoes, but many don't realise how their own behaviour contributes to the impression of a house.

Free cash for first-time buyers: Help to Buy Isa makes gift of £250 for every £1k of deposit saved up for first home

A GENERIC SHOT OF YOUNG FIRST-TIME BUYERS LOOKING AT PROPERTIES FOR SALE.
COUPLES
ESTATE AGENTS 
FIRST TIME BUYERS
POSED BY MODELS
estate
for sale
news

If first-time buyers save £12,000 towards a deposit, it will be topped up with another £3,000, the Chancellor announced in the Budget today.

Average UK house price just £30 below all-time highs at £281,753 in March, says Rightmove, with that peak to be breached

Does your home earn more than you? Map reveals the UK regions where house prices have risen by more than the average wage

Homes in a fifth of local authority districts across the UK have increased in value by more than the average employee's annual wages, according to Halifax research.

House prices rise everywhere but London, yet capital is tipped to see 30% gains over next five years and get 'more unaffordable'

An exterior view of the four-bedroom property in Appach Road, Brixton, London, England.
Priced at £1,295,000.
Boasting impressive proportions and finished to an impeccable standard, this spectacular four bedroom house benefits from generously proportioned rooms throughout and an enviable Jack and Jill style en suite.
http://zoopla.homesandproperty.co.uk/for-sale/details/35366949

Britain's capital was the only region not to record a rise in house prices last month, with prices falling for the sixth month in a row.

House price growth in Aberdeen close to London's as gap between best and worst performing cities is narrowest since 1999

LOOKING OVER ABERDEEN SCOTLAND S THIRD LARGEST CITY

Despite the sharp pick-up in house price growth in Aberdeen, the average property price at £193,800 there remains less than half of what it is in London, at £403,500.

What happened to rents near you in 2014? New building forces down costs by a fifth in South East towns while prices in Midlands hotspots soar 40%

spt_table-c.jpg

Rents grew by 6.6 per cent across the UK last year but regional data shows landlords in some property hotspots in the South East were forced to give significantly better deals to new tenants.

Escape your fixed-rate home loan and save £1k: Lowest mortgage rates on record mean it's worth some owners paying exit penalty

Sorry... the computer says no if you're older than 50: Rates are more tempting than ever, but some are barred from a bargain

11/02/2015. PIC. SHOWS JOHN EDWARDS AT A INDUSTRIAL PARK IN  ALTON, HAMPSHIRE.
WHERE HE HELPS RESTORE CLASSIC CARS, REBUILDING THEIR BODY WORK.
HE WAS INTERVIEWED ABOUT MORGAGES

Borrowers on the wrong side of 50 are being routinely rejected when they apply for a mainstream home loan, despite strong credit records and incomes..

Cheap home loans - you ain't seen nothing yet! How first-timers and existing borrowers can win in the mortgage price war

Picture:  Craig Hibbert       21-1-15
Laetitia Beatty with daughter Monique at their Fab Guest Hotel, Brighton.

If you think mortgage rates are low, then you haven't seen anything yet. That is the view of financial experts as rates fall lower than anyone believed possible.

'Every year our landlord hiked the price by £150': How to fight back against the dreaded rent increase

Can't afford a buy-to-let? Now you can snap up crowdfunding shares in a home instead - but beware the risks on these investments

In a bid to cash in on investors who like the idea buy-to-let but cannot raise the deposit, a string of crowd-funding endeavours have cropped up. We take a look at one and its dangers.

Tenants forced to fork out typical £1,700 when they move home - with almost £300 of this demanded in often questionable fees

Research by the house share website SpareRoom has found that almost half of all tenants are asked to pay so-called 'admin costs' of £298 - money then pocketed by agents and landlords.

Do we have the right to ask for a dummy CCTV camera or alarm box for our rented home - and would it make it safer?

We are thinking of using our life savings to start a B&B; after we retire: what are the pitfalls and how do we maximise our chances of success?

My husband and I are on the cusp of retirement. We have been talking about our future and have decided we want to run a bed and breakfast. Where do we start?

From building a conservatory to getting a new kitchen - which home improvements deliver the best return?

Splashing out on home improvements not only makes your house a more enjoyable place to live, but it if done right it is also likely to give its value a boost.

I want to buy a house when I move back to the UK next month but lenders have said I have to wait - will any lend straightaway?

Under the spotlight: I want to buy a home when I arrive back in the UK for work - will any lenders let me?

I have been working outside the UK, but received a job offer recently and will be heading back. My new employment in the UK will start from 1 October.

I'm moving in with my boyfriend and want to rent out the flat I own - do I have to inform my mortgage lender?

Moving in: I'm about to move in with my boyfriend and want to let the flat I own. Do I have to notify my lender?

I have been living in a flat for seven years which I bought for residential purposes. I have a mortgage with Nationwide which is on a standard variable rate.

On the hunt for a home? The first-time buyer's guide to getting a mortgage

The first-time buyer's guide to getting a mortgage

Are you hoping to get a foot on the property ladder? This Is Money's step-by-step guide explains how first-time buyers can get the best deal on their mortgage, make sure they pick the right choice for them and avoid the market's traps. We explain what new buyers need to know, and how they are being offered assistance from the Government in the form of Help to Buy.

How to pay off your mortgage early

House made of money

Paying off your mortgage early is one of the best investments you can make, slashing thousands off what is likely to be your biggest debt. See our guide

Mortgage affordability calculator: How much you can borrow - and the cost of interest-only vs repayment

Sold Sign

Find out how much you can afford to borrow with This is Money's mortgage affordability calculator, and see the difference between capital repayment and interest-only deals

How to avoid mortgage arrears

Act now: If you feel yourself slipping into the red, do something before you have to sell your home

Read our steps for avoiding mortgage arrears if you feel you are about to fall into the red

How to get the cheapest life insurance: tricks of the trade

Woman using calculator

Choosing the right way to buy life insurance can save you thousands of pounds. We explain the trick to getting the best deal

   

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