A first-time buyer’s guide to mortgage rates A glance at the news over the last 12 months or so would suggest that mortgage rates are a very hot topic indeed. For the last 14 years, mortgage rates - the interest rate charged on the money borrowed to purchase a property - have tended to be low, [...]
Why is it harder for first-time buyers to buy in 2025? For first-time buyers in 2025, the property market is in stark contrast to when previous generations bought their first homes. The average first-time buyer in 1960 paid a deposit of just £595 (roughly £12,738 today) compared to an average of £53,424 in 2024. A recent [...]
The cost of moving home Buying a home comes with extra costs and fees you need to be aware of – from securing your mortgage to booking the removal van. In 2024, the average cost of buying or moving house is estimated around £10,255. These costs can be higher or lower depending on where you live, [...]
