Three in five first-time buyers depend on the bank of mum and dad in order to get onto the property ladder, according to research by Just Group. In the last five years, 61 per cent of FTBs relied on financial help from relatives in order to purchase a property. In comparison, just 20 per cent of FTBs relied on financial assistance from relatives 30 years ago.
As of April 1st, 2025, significant changes to stamp duty rates across England and Wales will come into effect. We're here to explain what these changes mean for you, whether you're a first timer, an investor, or moving from overseas.
Chancellor Kwasi Kwarteng today announced a significant change in the overhauling of UK stamp duty land tax (SDLT). Whilst not taking the cuts as far as some homebuyers would have liked, the changes will mean welcome savings in particular for first time buyers.
We run you through the three initiatives aimed at helping first time buyers in London, in 2021. Combined, they result in some seriously significant savings, which may mean that you are able to make your move a bit earlier than you imagined, or aren’t as reliant on relatives to help you.
On average, the time it takes to complete a property purchase is between 6-12 weeks. Before you know it, summer will be upon us. If moving is on your agenda over the coming months, then it may pay to be savvy and get yourself through your new door this Spring.