There may be hope for those struggling to get onto the property ladder, as for the first time since the credit crunch a 100 per cent mortgage has come onto the market, meaning buyers won't have to raise a deposit. Instead, the Family Guarantee Mortgage offered by Aldermore bank will ask applicants to nominate a relative willing to guarantee any borrowing above 75 per cent.
Elsewhere, research has found that more than anything, parents would like to leave their property to their children. 59 per cent of respondents said they would prefer to pass their home down over other assets, such as savings and investments. Children have other ideas meanwhile, as most aspire to own their dream property by the age of 35. It seems children in Yorkshire are the most hopeful, while the majority believe their ideal home will cost between £500,000 and £1 million.
And finally, with autumn nearly upon us, most people in the property industry are usually glad to wave goodbye to summer and the seasonal slowdown experienced annually. However, research conducted by Connells Survey and Valuation has found that residential mortgage valuation activity in the UK was virtually unaffected. Makes a change!
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