#first-time-buyers

#first-time-buyers

Mortgage rates are now at their lowest level in over two years, which is obviously good news for prospective first-time buyers and those looking to switch their mortgage over the coming months.

"Ranch homes are often the preference of first-time buyers and empty nesters due to single-story convenience and ease of maintenance. The style is particularly well-liked in Sun Belt states like Texas and Arizona," said Alexei Morgado, real estate agent and CEO of Lexawise.

The Financial Conduct Authority (FCA) has released a discussion paper outlining the potential benefits and risks of rule changes, aiming to support wider access to sustainable home ownership.

New data reveals that Gravesend, Dartford, and other south London areas rank among the most affordable places for first-time home buyers in London.

In March 2025, UK homebuyers paid £1.4 billion in stamp duty, a 34% increase from February, as they rushed to beat impending tax hikes.

"Starter homes aren't what they used to be," says Redfin Senior Economist Elijah de la Campa. "A decade ago, a turnkey four-bedroom house in a nice neighborhood was often considered a starter home, but today, a small fixer-upper condo is often all a first-time homebuyer can afford."

For new consumers, budtenders-the friendly professionals behind the counter-are your best resource. They’re trained to help you make informed, safe, and satisfying decisions.

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It now takes a typical first-time buyer couple nearly five years to save for a deposit, with significant variations across regions, especially with rising property prices.

The UK housing market is showing resilience, with a 1% rise in house prices in September, aided by low mortgage rates and increasing buyer income.