First time buyer London

The diary of a first time buyer in London. i write about my experience of buying a home for the first time in the capital. Follow me for helpful advice & tips.

[Topsy Taiwo @topsytaiwo]

Bank Of England Base Rate Drop 💷

1) Fixed mortgage = no change
2) Tracker mortgage = rate decrease
3) SVR = potential decrease (but SVRs are horribly high anyway)

Mortgage Rates are dependent on a mix of base rate decisions, swap rates, and each lender’s strategy

[richard donnell @richard_donnell]

83% of home owners will pay £2,500 extra in stamp duty from Apr'25 as reliefs end. Hits buyers in the £125k to £250k price range where SDLT will be up to 1% of purchase price (working people?) They will want it off the price keeping HPI in check. Impact in orange segments.

[Ollie Brittain @OllieBrittain]

Disappointed by Labour's lack of support for first time buyers.

We should have seen the Lifetime ISA property price cap of £450,000 raised or abolished; her lack of foresight will only lead to housing stagnation.

[Jackie. @SarkyJackie]

Be great to see Homes Under the Hammer where First Time Buyers get a chance to buy their first home for a bargain, rather than Landlords discussing how much profit they would make by renting to the same demographic! #Budget2024

[Moving Home with Charlie @moving_charlie]

London moving expert's top tips for first time buyers and 'big red flag' to watch out for - MyLondon 😎 https://t.co/UI76xJpuiI

[BrickzWithTipz 🧱🏘🔑 @BrickzwithTipz]

How much can you afford as a first time buyer? 🤔🏡

I thought I’d do one of these that’s relevant to today’s lending climate 💰

This is intended to give a basic IDEA of how much a first time buyer could buy for

Full post on insta https://t.co/HTXGGBxnrJ

[Topsy Taiwo @topsytaiwo]

Help To Buy Update Video 🏘

*Been asked about Help To Buy alot over the last few weeks, so here's a quick video on it 👌🏾

#helptobuy #firsttimebuyer

[Moving Home with Charlie @moving_charlie]

There's stamp duty confusion among many First Time Buyers (especially on TikTok, bless).

They think that Stamp Duty is only rising for second home and BTL buyers. It is, but it's not the only rise.

On 31st March 2025, the current FTB and non-FTB stamp duty thresholds will revert to pre-pandemic levels.

The FTB threshold will drop from £425,000 to £300,000, adding £6,250 of stamp duty to a £425k purchase.

The non-ftb threshold falls from £250,000 to £125,000.

Unless you're a First Time Buyer below £300,000, you'll be paying stamp duty, unless you COMPLETE your purchase by 31 March 2025.

[First time buyer London @FTBuyerLondon]

“Where to begin as a First Time Buyer?” by Niall McKenna

My experience as a #FTB first time buyer in London. https://t.co/A5tllxQNFi

[First time buyer London @FTBuyerLondon]

“Decisions, Decisions — Where & What to buy in London” by Niall McKenna

My experience as a #FTB first time buyer in London. https://t.co/BdktEfqfOO

[First time buyer London @FTBuyerLondon]

“The search for your first home” by Niall McKenna

My experience as a #FTB first time buyer in London. https://t.co/t9ifhcUaQt

[First time buyer London @FTBuyerLondon]

“Making an offer on your first home” by Niall McKenna

My experience as a #FTB first time buyer in London. https://t.co/fvrQjNW3oA

[First time buyer London @FTBuyerLondon]

“Starting over” by Niall McKenna

My experience as a #FTB first time buyer in London. https://t.co/qw96eghU9c

[First time buyer London @FTBuyerLondon]

“Second time lucky” by Niall McKenna

My experience as a #FTB first time buyer in London. https://t.co/VuMQ26l0ph

[First time buyer London @FTBuyerLondon]

“‘The chain’” by Niall McKenna
My experience as a #FTB first time buyer in London. https://t.co/6DW1EwV4kM

[James Melville 🚜 @JamesMelville]

Students have every right to be massively pissed off about this. Keir Starmer promised to scrap tuition fees and now he’s going to increase them - saddling students with even more debt. He literally bullshitted his way through his pre-election promises.

[Metro @MetroUK]

London has become so eye-wateringly expensive that first-time buyers have turned to building their own homes

https://t.co/YU1i4iUDdg

[Cut My Tax @CutMyTaxUK]

Stamp duty will rise under Labour for first time buyers as the threshold will reduce from £425k to £300k.

Based on the average London house price first time buyers there will have to pay an extra £6,737.15 to get on to the housing ladder. In Hertfordshire, £2,600

1/2

[Curetons Property Finders @Curetons_UK]

London house prices up 1.6% but some first-time buyers are struggling to afford high mortgage rates #londonproperty https://t.co/ZefhKdyL4i

[First time buyer London @FTBuyerLondon]

@TheNewsAgents @Victoria_Spratt @maitlis @jonsopel There are loads of homes already built in London but they lie empty unaffordable for the average first time buyers. There’s an assumption that all FTBs are in their 20s & 30s but in the south many are far older & already have families, 1 & 2 bed flats aren’t always suitable.