The latest UK House Price Index has revealed that house prices across the UK as a whole increased by an average of 5.2% in the year to December 2017. The annual growth rate has apparently slowed since mid-2016 but has remained broadly around 5% during 2017.
The difficulties faced by first-time buyers in getting on the property market have been well documented, but new research has revealed that some young adults are now taking a less traditional route to achieve that important first rung on the ladder.
One of the biggest obstacles facing first time buyers is saving enough money for the deposit, and new research from Which? Mortgage Advisers has shed some light on the steps people are taking to try and raise this money.
The collapse of Carillion has led the Federation of Small Businesses (FSB) to call into question the effectiveness of the Prompt Payment Code (PPC) and raise the need for urgent reform to successfully tackle the UK’s late payment epidemic.