Personal Finance and Mortgages

CML: Parents help FTBs to come up with deposit
Many first-time buyers (FTBs) are relying on their parents to fund their deposits due to the current dearth of high loan-to-value products, according to the Council of Mortgage Lenders (CML).

NAEA: Sluggish sales highlight property anxiety
Stable demand failed to produce a rise in sales last month, according to new data from the National Association of Estate Agents (NAEA), while new buyer activity fell again.

Credit crunch boosting investment opportunities?
Economic problems make this a good rather than a bad time to invest in housing, a property advice website has claimed, providing buyers do their research first.

Mortgage market still ‘competitive’
Representatives of Britain’s lenders have argued that HSBC’s latest mortgage product is indicative of the level of innovation being shown by providers in assisting borrowers.

Most FTBs expected to avoid negative equity
Most first-time buyers (FTBs) are not at risk from negative equity, an advisory firm has claimed, but this spectre is unsurprisingly causing much concern in the property market.