Mortgage lending to first-time buyers totalled £5.5 billion in June this year on an unadjusted basis, which is a 28% increase over May and 25% higher than June last year. In total, 34,300 loans were made, up 24% month-on-month and 17% year-on-year.
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The latest House Price Index from Halifax has revealed a 1.6% increase in house prices in the three months to July, compared to the previous three months. This exceeds the 1.1% increase seen in June, and is similar to the rates recorded in April and May (both 1.5%).
East Dunbartonshire is the UK’s most affordable area for first-time buyers (FTBs), according to the latest First-Time Buyer Review from Bank of Scotland. The average property price here sits at £97,089, which is only 2.6 times local annual average gross earnings.
As part of the Government’s drive to increase corporate transparency, companies are now required to declare who owns or controls them to Companies House.