Lending to first-time buyers rises 50 per cent

Alex Johnson

ce27f0a754a43490e0fe0e243bb99a540fa361cc 300x214 Lending to first time buyers rises 50 per centLoans to first time buyers rose by 50 per cent in the first five months of this year compared with the same period in 2012, with more than 32,000 buyers getting their first mortgage, show figures from the Building Societies Association.

Among first time buyers with a deposit of 10% or less the difference is even greater with more than two and a half times the number of loans made, from 3,400 to 8,900. The figures come as Bank of England figures also out today show building societies and other mutual lenders lent £3.6 billion in mortgages in May, compared to £2.8 billion in May 2012.

Canadians renting in London
Rentonomy has been looking at Canadian renters in London and suggests that the area with the largest Canadian population is Hampstead and indeed that Canadians on average pay 17.5% above the London average rent. Comparing rents in Toronto with London, Toronto renters pay on average £764 per month, 43% lower than London…

Beating burglars
MoneySupermarket figures show 71 per cent of British households don’t have a burglar alarm, half don’t belong to a Neighbourhood Watch programme, and 46% don’t bother to set timers on their lights when they’re away from home. A quarter of people questioned don’t have external security lights on their property, and 23% have accidentally left doors and windows open or unlocked when out. Around 3% leave a spare key to their home in a plant pot or under the doormat..

Prices for prime property in London at record high
A new report from Knight Frank shows that:

* Prime central London residential prices increased by 0.4% in June and by 3.7% in 2013 so far

* Strongest price growth has been seen in the sub-£1m price bracket where prices are up by 6.6% already this year

* The biggest price rises during June were in Marylebone (2.8%) and the South Bank (1.4%)

* Over the past 12 months, price growth in prime central London has been 6.9%

* Prime central London rents fell by 0.1% in June and have fallen by 0.4% over the first six months of 2013

* St John’s Wood was the only area where rents increased in June, up by 0.3%

Robbie Williams’ house for sale
You can have a little look at the 71 acres of grounds of the singer’s home in Compton Bassett, Wiltshire, which is on the market now for £5.5 million – features include two staff flats and a cottage, indoor pool, lovely parkland, seven bedrooms, hot tube, steam room and sauna, walled garden with pavilion and tennis court (pictured above). There is also a grass football pitch and paddocks.

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