first-time buyers | Lilac Financial

Mortgage

Why your mortgage term matters

With increases in the cost of living impacting on many household budgets, the cost of your monthly mortgage payment continues to be important. On a capital repayment mortgage, the quicker you pay off your balance, the bigger your monthly payments will be. By having a longer term, you may benefit from a lower monthly payment, [...]

February 2, 20230 Comment

first time buyers

A third of first-time buyers accepted for mortgage on first try

Written by: Anna Sagar 13/12/2021 Just over a third (35%) of first-time buyers are accepted for a mortgage on their first try, down from about half (48%) in March last year before the pandemic. According to Aldermore’s first-time buyer index, a survey of 2,015 prospective first-time buyers, about 45% of prospective first-time buyers were rejected [...]

December 30, 20210 Comment

first time buyers

First-time buyers still facing significant deposit barrier

It's getting tougher for aspiring homebuyers as house prices rise faster than wages Raising a deposit is still proving a huge barrier to aspiring homeowners, said Nationwide. It found that high house prices relative to average earnings mean first-time buyers struggle to raise a decent-sized deposit for a home. In the third quarter of this [...]

December 9, 20210 Comment

Tag: first-time buyers

Why your mortgage term matters

A third of first-time buyers accepted for mortgage on first try

First-time buyers still facing significant deposit barrier

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