Prompt: GETTING on the property ladder can feel like a daunting task but there are schemes out there to help first-time buyers have their own home. Help to Buy Isa - It's a tax-free savings account where for every £200 you save, the Government will add an extra £50.
However, the picture across Great Britain is mixed, with most regions only seeing a fairly moderate increase in house pricesSeptember usually sees a month-on-month price jump, but this year's increase of 0.8% is double the long-term average, Rightmove said.
"With affordability still very stretched for many, choosy buyers are taking their time to browse the increased number of homes for sale and find the perfect home at the right price." High rates and a stagnant market have left homeowners with the thankless task of paying significant sums every month while seeing little gain long-term in the way of increased equity in their homes.
Further rate cuts, coupled with further support from the government to get people onto the housing ladder, will hopefully keep pushing the market in the right direction.Halifax is part of Lloyds Group, which is the UK's biggest mortgage lender.It's one of several key barometers of the property market.While they do adjust their figures to iron out big outliers, both lenders measure average house prices based on the properties they see.
In August, the average new tenancy in the South of England cost £1,318 per month, 37% more than in North England, where rents averaged £960 per month.
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