Monday, September 26, 2011

The bank of mum and dad open as usual

The North offers the best chance for young buyers to get on the housing ladder [PDF]

While the average age of a first-time buyer in the UK is 29, there is almost a decade’s difference between some areas of the country, according to new research from Halifax. The youngest first-time buyers (aged 25) are in Selby in North Yorkshire; the oldest first-time buyers (34) are in Harrow in London. 84% of FTBs under 30 had help with their deposit in 2010 compared with only 38% in 2005.

Posted by drewster @ 11:40 AM (1443 views)
Please complete the required fields.



16 thoughts on “The bank of mum and dad open as usual

  • sibley's b'stard child says:

    ‘Typically, the areas with the youngest first-time buyers are also areas where housing affordability conditions are the most favourable.’

    Mr Sherlock, call for Mr Sherlock.

    Reply
    Please complete the required fields.



  • [quote]The average age of a first time buyer has remained remarkably stable over time. In 1983, when Halifax records began, it was 28, just a year younger than today.[/quote]

    Roll Up! Roll Up! Halifax Use Spin, Lies and Damned Statistics.

    Reply
    Please complete the required fields.



  • A more appropriate title – “The North offers the best chance for young buyers to get on the housing snake” – The North-East of England recorded the largest fall in prices anywhere in England during 2010 (roughly 11% from memory)

    Reply
    Please complete the required fields.



  • sibley's b'stard child says:

    Speaking of which Jack, NW’s report should be out tomorrow. Forex are forecasting +0.2%. Then again, they forecast +0.1% and got a -0.6% for August’s so here’s hoping.

    Reply
    Please complete the required fields.



  • Sib’s – based on PHD’s most recent chart the majority expectation on here seemed to be another +% from Nationwide – however I guess we’ll just wait for the release and see if it throws up a surprise !

    Reply
    Please complete the required fields.



  • Accordingto NW’s August report, its average price, as suitably massaged, would have to go up by 0.5% between Aug and Sept to make the more reliable YOY figure stay at least flat. But fingers crossed anyway.

    Reply
    Please complete the required fields.



  • am i dreaming or did the gold article vanish? what is the problem with admin deleting financial posts?

    Reply
    Please complete the required fields.



  • sibley's b'stard child says:

    BTW Jack, sorry to go off-topic, had to share this with you…

    Just found out moments ago that my mortgage application has been refused – result!

    I’ve just ordered a copy of my credit check on-line to see if there’s any problems re: adverse credit history/mistakes. Looks like I may not be making the BBA’s statistics just yet…

    Given that it – ahem – only worked out at roughly four times my income i’m surprised to be honest.

    Reply
    Please complete the required fields.



  • sib

    how many applications did you fill in and allow them to credit check you on?

    i was refused in the past many years back for shopping around for mortgages with several companies i found out they all credit checked me and left a search footprint the reason for my denial at the time was too many searches

    Reply
    Please complete the required fields.



  • sibley's b'stard child says:

    Just the one (this one) Mark via my IFA.

    Reply
    Please complete the required fields.



  • hey MW put sibs copied credit away you have been caught lol

    Reply
    Please complete the required fields.



  • Oh come off it Mark, SBC will find it cheaper to pay off a couple of store cards which were sent to my wife, who used them by mistake, entirely innocently, oops, than to pay off a mortgage.

    Reply
    Please complete the required fields.



  • Sib’s – this is one of the reasons I’ve now pretty much dipped out of providing advice on purchases – so many fall through often for no good reason. I’m sure your credit file will come back clean but the underwriters thinking is often a mystery these days.

    BTW it should only cost you £2.00 for an Experian report

    Reply
    Please complete the required fields.



  • cant remember who it was now, but i sent my 2 pound off and they sent letter back wanting my passport sending in order to get copy of my credit report, i told them to foff as they could not ensure the safety of my docs sent in post

    Reply
    Please complete the required fields.



  • sibley's b'stard child says:

    Mark, did they also promise you a large amount of monies secured in the British embassy in Lagos?

    Image and video hosting by TinyPic

    Reply
    Please complete the required fields.



  • i did wonder that looking back it was equifax, they seem to make it difficult so you go online and pay loadsa money of the immediate credit check with a simple look at recent statements and the last couple of transactions you can answer the online questions, pay the money with a stolen card and hey presto a full credit report of the person who owns the house you have broken into

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>