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Archive | First Time Buyer Exclusion

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SPECIAL FEATURE: Time to advise on pensions?

In a letter to the AMI chief executive, the pensions minister asks for reassurance that borrowers saving into a pension will not be advised “inappropriately” by brokers. This puts mortgage brokers in an impossible position.

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Help to Buy 2 borrowers ‘paying vastly more’ than renters

The Model Works counter that mortgage repayments are pegged to the original purchase price and so the issue is not the cost on day one, but the cost in 20 years’ time.

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Help to Buy 2 costs more than rent – PricedOut

The Model Works disagree and argue that first-time buyers who spend their twenties renting lose out by around £270,000 as rents goes up with inflation.

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UK housing crisis: Why the advice to my kids is emigrate

Promoting initiatives like Help to Buy and the Funding for Lending Scheme that cause property prices to rise is symptomatic of this Government’s attitude and priorities – so I have some blunt advice for my children.

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SPECIAL FEATURE: Fixing the system

The Model Works, say it’s important to fix the system first before getting carried away with schemes like Help to Buy.

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FTBs stand to lose £270k if they delay their first purchase

The Model Works indicates the returns from investing the savings made on buying a home at 24, as opposed to 37, could amount to £240,000 over a person’s life.

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Delays in buying first property cost consumers

Delays in getting on the housing ladder will cost the average first-time buyer over £270,000 over their lifetime, or twice the cost of a typical first time buyer home, but those forced to rent into their retirement could pay even more dearly driving up housing benefits and state long term care costs to truly unsustainable levels.

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Key analysis of FTB disenfranchisement published

Delays in getting on the housing ladder will cost the average first-time buyer over £270,000 over their lifetime, or twice the cost of a typical first time buyer home, according to independent research by The Model Works.

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Delayed first-time buyers lose £270,000

Older first-time buyers who spend their twenties renting could have lost out on more than £270,000, according to analysis by The Model Works.

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Delay buying your first home and it will cost you dearly

In the 1960s the average first time buyer was 24. Now, ‘unassisted’ first time buyers are 37. The Model Works examines the resulting costs for prospective homeowners.

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As first time buyers struggle are buy-to-let landlords facing a backlash

Last year lending via buy-to-let mortgages soared to a level not seen since 2008. But as first-time buyers and families struggle are we seeing a backlash against buy-to-let?

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When is the buy-to-let tipping point?

As more of the country’s housing stock is absorbed by the rental sector, what are the implications for a growing nation of renters, as first-time buyers increasingly find themselves competing with cash-rich landlords.

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Debate sparked on BTL being help or hindrance

Recent figures demonstrating the growth of the buy-to-let sector are sparking debate on whether the market will help or hinder ‘generation rent’ in the long-term.

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The Elephant in the Room

A year on from the publication of Laying the Foundations: Housing Strategy for England, it is interesting to undertake a forensic analysis of why this government strategy is failing and what can be done to get the initiative back on track.

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How will the UK’s debt laden young ever buy their own homes?

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86% more UK workers claiming housing benefit

With 850,000 young people turning 18 every year, it is naive to think we can simply build ourselves out of this situation and expanding the PRS will exacerbate the problem.

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The Power Hour: Landlords versus first-time buyers

Its an argument that rears its head time and again: vociferous claims denying landlords are making it harder for first-time buyers to get on the housing ladder. Our panel of experts has another look.

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SPECIAL FEATURE: If only the government saw it like this

Brian Hall, a UK management consultant with 30 years experience of the financial services sector and founder of The Model Works, imagines what life could be like for first-time buyers.

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In my opinion: Bursting buy-to-let’s fragile bubble

Fuelled in part by poor and incomplete advice to naive investors, buy-to-let is seen by many as a way to make a fast buck but, this is not necessarily the case.

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Blow by blow: the case for BTL versus FTBs

Brian Hall, consultant and author of a new buy-to-let index, does battle with industry heavyweights Peter Williams and John Wriglesworth over buy-to-let versus the first-time buyer.

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