Best cities in Britain to buy a home with a 5% deposit now

Hull is the most affordable city for a first-time buyer with a small deposit to snap up a home, new findings have revealed.  With average property prices at £121,335, a buyer with a 5 per cent deposit in Hull will need £6,066 to get onto the housing ladder, according to The Nottingham Building Society. Buyers … Read more

Nationwide launches 5% deposit mortgage with lowest rate yet

Nationwide Building Society has become the latest lender to offer mortgages with 5 per cent deposits, and is offering the lowest interest rate yet. It is the largest bank or building society to bring back a 5 per cent product, and the is doing so at the lowest rate available, 3.49 per cent. Nationwide is … Read more

Laurence Fox loses £10,000 deposit in London Mayor bid after getting 1.8% of vote

First Count Sadiq Khan (Lab) 1,013,721 (40.05%, -4.19%) Shaun Bailey (C) 893,051 (35.28%, +0.25%) Sian Berry (Green) 197,976 (7.82%, +2.02%) Luisa Porritt (LD) 111,716 (4.41%, -0.21%) Niko Omilana (Ind) 49,628 (1.96%) Laurence Fox (Reclaim) 47,634 (1.88%) Brian Rose (LRP) 31,111 (1.23%) Richard Hewison (EU) 28,012 (1.11%) Count Binface (Binface) 24,775 (0.98%) Mandu Reid (Women) 21,182 … Read more

Laurence Fox loses £10,000 deposit in London Mayor bid after getting 1.8% of vote

First Count Sadiq Khan (Lab) 1,013,721 (40.05%, -4.19%) Shaun Bailey (C) 893,051 (35.28%, +0.25%) Sian Berry (Green) 197,976 (7.82%, +2.02%) Luisa Porritt (LD) 111,716 (4.41%, -0.21%) Niko Omilana (Ind) 49,628 (1.96%) Laurence Fox (Reclaim) 47,634 (1.88%) Brian Rose (LRP) 31,111 (1.23%) Richard Hewison (EU) 28,012 (1.11%) Count Binface (Binface) 24,775 (0.98%) Mandu Reid (Women) 21,182 … Read more

Which lenders are offering Government-backed 5% deposit mortgages – and what are the rates and fees?

First-time buyers will be able to get Government-backed mortgages with deposits of just 5 per cent from five major banks and building societies from today. The scheme, which is also open to current homeowners, was first announced in the Budget and will see lenders advance 95 per cent of the purchase price on homes worth … Read more

Tenants win more in deposit disputes than landlords: Make sure you get yours back with these tips

Tenants locked in deposit feuds have been awarded 50 per cent more money back than their landlords when disputes go to adjudication. Roughly one in every 30 tenancy deposits are disputed according to the Deposit Protection Service – one of the three Government-backed schemes for England and Wales. Since the start of 2018, 66,768 tenancy … Read more

Fury as plastic bottle deposit scheme is delayed for three years

They’ve bottled out: Fury as plastic bottle deposit scheme is delayed for three years as ministers lay blame on Covid pandemic Deposit return scheme to encourage bottle recycling was put back until 2024  Government said plans would go ahead but it would consult ‘continued appetite’ Ministers claim delay is due to Covid but it has dismayed … Read more

UK first-time homebuyers need £59k deposit – up £12k on a year ago – study finds

First-time buyers need average deposit of nearly £59,000, which is £12,000 more than a year ago, study finds First time buyers need £12,000 more for a deposit than this time last year Halifax study found deposit requirement increased in every region of the UK Wales was found to have most significant increase with average amount increasing … Read more

5% deposit mortgages are back from Yorkshire Building Society

Yorkshire Building Society has become the first lender to bring a range of mortgages with 5 per cent deposits back to the market, potentially heralding a price war that could benefit first-time buyers. Accord Mortgages, the intermediary arm of the building society, is launching the mortgages tomorrow with a five-year fixed rate of 3.99 per … Read more

New 5% deposit mortgages: Which lenders will offer them and when can I get one? 

The Government has announced a plan to guarantee mortgages with five per cent deposits, encouraging banks to lend to those with smaller savings pots. In today’s Budget, Chancellor Rishi Sunak confirmed that the Government would back the home loans, which will be available on homes costing up to £600,000.  The scheme will begin in April … Read more