Current Statistics ►

Estimates recently published in the ONS’ survey on ‘Families and Households: 2017’ show that the number of families in the UK have increased by 8.1% over the last ten years to 18,997,000.

Married couples and those living in civil partnerships are the most dominant group, with civil partnerships driving the growth of this group, increasing by 66.7% (versus 4.8% for married couples) particularly at younger age groups.

14 million dependent children are currently estimated to be living in families in the UK. It is, however, families with no children or no dependent children that were more common. Some 6.6 million (40%) 15-34 year olds live with their parents.

The ONS suggests that the larger numbers of young adults tending to stay at home for longer may be explained by staying in education and training for longer, formalising relationships and having children at older ages, and increased costs in renting or buying a home.

September 2017

After months of hard work, our new website finally went live over the weekend and is looking fantastic! Why not have a good look around and see what amazing new features and information are included. 

www.heather-lay.co.uk

 

 

Natalie took part in the Cancer Research Race for Life Pretty Muddy on Sunday 3rd September. It was "pretty muddy" due to the Cornish Autumn weather, but a brilliant time was had by all and Natalie raised a fantastic total of £183.00 for Cancer Research!

August 2017

h_l_banner

Our new banner has arrived today ready for tonight, and it looks great!! We are proudly sponsoring the Pink Wig event which is part of Falmouth Week and raises funds for vital research projects, the best care for breast cancer patients in Cornwall and a safer future for the next generation.​

First Time Buyers still struggling

First Time Buyers still struggling

Selling GPEA 25th May 2016

First time buyers still struggling


Rising rents are making it even harder for first time buyers to get on the property ladder these days.

Those who manage to buy their first home this year can have spent nearly £53,000 in rent, according to the Association of Residential Letting Agents. The costs vary in different parts of the country, of course, and Londoners buying this year can have paid £68,000 in rent.

It's the shortage of housing that is pushing up rents so the problem will only get worse.

Anyone who is starting to rent now, with the intention of saving for their own home, might pay out over £64,000 in rent before they have been able to get a deposit together.

Clearly finding the deposit is still the biggest hurdle for first time buyers though fortunately there is more help available for them these days. 

With the Help to Buy Isa, savers earn an extra 25% paid for by the government - that's an extra £50 for every £200 they save, to a maximum bonus of £3,000.

There are other Help to Buy schemes for people who have saved just a 5% deposit - the Help to Buy mortgage guarantee, the Help to Buy equity loan, and, the most recent addition, the London Help to Buy scheme.

The equity loan is only for people buying new-build property. The government lends 20% of the cost of the house so buyers need a mortgage for the remaining 75%, after paying their deposit. The London Help to Buy scheme extends the help for Londoners to 40% of the house price.

The mortgage guarantee is for people buying both new-build homes and existing properties. With the government guarantee, lenders have more confidence to give them mortgages requiring only a small deposit.

It is clear lenders are responding and today there are plenty of 95% loan to value deals around to help people with only a 5% deposit. Mortgage rates have also come down recently, making this area of the market more competitive for borrowers.


Guild Mortgage Service, Provided by London & Country Mortgages

Residential Sales
01326 319 767

3 Church Street, Falmouth
Cornwall, TR11 3DN

Property Letting & Management
01326 374850

Swingbridge House, Anchor Quay,
Penryn, Cornwall TR10 8GU

Land & New Homes
01326 374850

Swingbridge House, Anchor Quay,
Penryn, Cornwall, TR10 8GU

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