Mandy Shum

New 95% mortgages for first-time buyers and existing homeowners

May 20th 2021
 

The government’s new scheme to help people buy a home with a 95% mortgage has now come into effect. Mandy Shum Conveyancer in our property team provides an update. It means buyers can now get on the property ladder even if they only have a 5% deposit. The mortgages are available to both first-time buyers and existing homeowners for houses costing up to £600,000. The government will offer lenders the…

Government launches plan to build 180,000 new homes

November 23rd 2020
 

The government has launched an £11.5 billion programme to build 180,000 new homes across the country over the next five years. Mandy Shum Conveyancer reports. It’s hoped that the move will unlock a further £38 billion in public and private investment in affordable housing. New homes will be made available from next year. Around half of the new homes will be available for affordable home ownership, helping more people to…

Number of first-time home buyers reaches 12-year high

November 7th 2019
 

The number of first-time home buyers has reached its highest level for 12 years. The latest mortgage data reveals that 35,010 people took their first step on the property ladder in August. That’s the highest monthly total since August 2007. The figures, from UK Finance, follow the Ministry of Housing’s own research revealing 87% of the public would prefer to buy rather than rent. It also found 57% of people…

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