Taylor Wimpey to host First Time Buyer event in Winchburgh
Buyers who reserve selected new homes by June 30 will also receive £2,500 worth of flooring for their new home.
Prospective first-time buyers who want to take their first step on the property ladder, can make their move at a First Time Buyer event at Taylor Wimpey's Seton Rise development in Winchburgh later this month.
With an independent mortgage specialist available to provide free advice from 11am to 4pm on Saturday, May 24, and access to helpful ways to get buyers on the move, such as Taylor Wimpey's Deposit Paid or Mortgage Contribution schemes – it's an ideal time for first-time buyers to explore how easy getting on the property ladder is.
Prospective buyers can also be inspired by the impressive show homes at the development.
Buyers who reserve selected new homes by June 30 will also receive £2,500 worth of flooring for their new home.
The local sales executive will also be on hand to discuss the properties available for sale at the development, including an impressive choice of two and three-bedroom homes that are perfect for taking the first step onto the property ladder.
Kirsty McGill, Sales and Marketing Director for Taylor Wimpey East Scotland, said: 'Our First Time Buyer event at Seton Rise is designed to give buyers starting their property journey all the information they need to take that first step onto the property ladder confidently.
'Our team at Seton Rise is on hand to provide advice and assistance to make buyers' property journey easy and stress-free.
'Our Independent Mortgage Specialists can also chat through the range of mortgages that best suit their circumstances and the steps of securing a mortgage, allowing buyers to make informed decisions.
'With an impressive choice of two and three bedroom homes available that included kitchen appliances, it is also a great time to find out ways in which we can help first-time buyers, including our deposit paid or mortgage contribution schemes, which offer help to buyers who need a financial boost to make their move a reality.'
To stay updated about the range of new homes available at Seton Rise and the First Time Buyer event, visit www.taylorwimpey.co.uk/seton-rise
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
BBC News
5 hours ago
- BBC News
Strong views stirred by Shrewsbury plans for extra 460 homes in development
Plans to add another 460 homes to a housing estate in Shropshire have divided opinions among people reacting to the plans on social new Weir Hill development is expected to see a total of more than 1,000 homes built, if permission is granted.A planning application is due to be submitted to Shropshire Council for the development following a public of those posting on Facebook criticised the lack of amenities, such as schools and doctors, in the plans, while others welcomed the prospect of extra homes. The development, just north of Picton Drive and Keevil Close on the edge of Shrewsbury, is the next stage of an overall development by Taylor Wimpey and Persimmon plans also include parks, play areas, allotments and walking and cycling Wimpey said it wanted the homes to look like "a natural extension of Shrewsbury" with a mix of properties. Some on Facebook said it was important to consider local services such as doctors, schools and shops, to cater for the large number of new called for affordable options and said they thought the houses would be out of the price range of many buyers in the were also comments about more cars being on the town's road on Facebook, Steph Birch said: "This area has historically grown gradually, with about 100 homes added per decade."Trying to squeeze in more than 1,000 homes in under eight years is unsustainable and completely out of step with the infrastructure and amenities in place."Some viewed the plans more favourably, however."Good news," said Bob Rayner, adding: "There's a serious housing shortage."David Walker added: "If you accept there's a housing problem in this country, how can you argue it's wrong to build more houses?" Follow BBC Shropshire on BBC Sounds, Facebook, X and Instagram.
Daily Mail
9 hours ago
- Daily Mail
Rental price boom is over, says Zoopla - but agents warn of more pain for tenants if landlords continue to sell up
The rental price boom is finally over, new figures from Zoopla suggest. Average rents for new lets are 2.8 per cent higher over the past year, down from 6.4 per cent a year ago, according to the property portal - the lowest rate of rental inflation since July 2021. The average monthly rent now stands at £1,287, up £35 over the past year. It means the rental market is cooling after three years in which rents have increased five times faster than house prices. Average rents for new tenancies are 21 per cent higher since 2022, compared to just 4 per cent for house prices. The average monthly rent has increased by £219 over this time, broadly the same as the increase in average mortgage repayments. Average annual rents have increased by £2,650 over the last three years, from £12,800 to £15,450. Why are rent increases are slowing? The slowdown in the rate of rental growth is a result of weaker rental demand and growing affordability pressures, rather than an increase in supply, according to Zoopla. Rental demand is 16 per cent lower over the last year, although this remains more than 60 per cent above pre-pandemic levels. Lower migration into the UK for work and study is a key factor, according to Zoopla with a 50 per cent decline in long-term net migration last year. Stability in mortgage rates and improved access to mortgage finance for first-time-buyers, most of whom are renters, is also a factor behind the moderation in levels of rental demand. Recent changes to how banks assess affordability will make it easier for renters on higher incomes to access home ownership, easing demand at the upper end of the rental market. Alongside fewer renters looking to move, there is also 17 per cent more homes on the market compared to a year ago. However, renters are still facing a limited supply of homes for rent which is 20 per cent lower than pre-pandemic levels. Zoopla says lower levels of new investment by private and corporate landlords is limiting growth in the private rental market. Looking to the remainder of 2025, rents remain on track to increase by between 3 and 4 per cent over the rest of the year, according to Zoopla. 'Rents rising at their lowest level for four years will be welcome news for renters across the country,' said Richard Donnell of Zoopla. 'While demand for rented homes has been cooling, it remains well above pre-pandemic levels sustaining continued competition for rented homes and a steady upward pressure on rents. 'The pressures are particularly acute for lower to middle incomes with little hope of buying a home and where moving home can trigger much higher rental costs. 'The rental market desperately needs increased investment in rental supply across both the private and social housing sectors to boost choice and ease the cost of living pressures on the UK's renters.' What's happening across the country? Rental growth has slowed across all regions of the UK over the last year, particularly in Yorkshire and the Humber, where rent costs dropping to 1.1 per cent, down from 6.4 per cent in 2024. Zoopla says this is due to slower rental growth in key university cities, such as Sheffield, Bradford and Leeds, dragging the overall rate lower. In the North East, rental growth has slowed to 5.2 per cent, down from 9.4 per cent in 2024. In Scotland, the rate of growth has slowed rapidly from 9.1 per cent to 2.4 per cent due to affordability pressures and the removal of rent controls which limited how much rents can be increased within tenancies. In Dundee, rents have actually fallen by 2.1 per cent. This time last year they were up 5.8 per cent. In London, rents are posting modest falls in inner London areas including North West London and Western Central London, down 0.2 per cent and 0.6 per cent year-on-year respectively. However, rents have continued to increase quickly in more affordable areas adjacent to large cities such as Wigan and Carlisle, both up 8.8 per cent and Chester, up 8.2 per cent. Zoopla says the number of postal areas where rents have risen at over 8 per cent a year has fallen from 52 a year ago to just five today. While rents are not surging as much as they were, many across the property industry feel the upward pressure on rents to continue, particularly if landlords continue to exit the sector. 'Rental value growth has cooled over the last year but upwards pressure remains thanks to tight supply,' said Tom Bill, head of UK residential research at Knight Frank. 'While some demand has transferred to the sales market as mortgage rates edge lower, a number of landlords have sold due to the tougher regulatory and tax landscape. 'As the Renters' Rights Bill comes into force over the next 12 months, the upwards pressure on rents could intensify if landlords see added risks around the repossession of their property and void periods.' Greg Tsuman, managing director for lettings at Martyn Gerrard Estate Agents, added: 'Unfortunately, these figures do not represent an end of an era for the rental market but a temporary reprieve. 'There is immense pressure in the rental market right now. With the Renters' Rights Bill passing soon, landlords are continuing to exit the market to avoid becoming stuck. 'Thousands of tenants are receiving eviction notices and they are competing for a shrinking pool of housing, which can only see rental prices continue upwards.' Best mortgage rates and how to find them Mortgage rates have risen substantially over recent years, meaning that those remortgaging or buying a home face higher costs. That makes it even more important to search out the best possible rate for you and get good mortgage advice, whether you are a first-time buyer, home owner or buy-to-let landlord. Quick mortgage finder links with This is Money's partner L&C > Mortgage rates calculator > Find the right mortgage for you To help our readers find the best mortgage, This is Money has partnered with the UK's leading fee-free broker L&C. This is Money and L&C's mortgage calculator can let you compare deals to see which ones suit your home's value and level of deposit. You can compare fixed rate lengths, from two-year fixes, to five-year fixes and ten-year fixes. If you're ready to find your next mortgage, why not use This is Money and L&C's online Mortgage Finder. It will search 1,000's of deals from more than 90 different lenders to discover the best deal for you.
Daily Mail
a day ago
- Daily Mail
Surge in first-time buyers over 45 will land millions with a mortgage in retirement
Millions more Britons face retiring with mortgage debt thanks to a surge in first-time buyers in their mid-forties and older. The number of first-time buyers aged 45 and over has more than tripled in four years, according to the analysis by the mortgage overpayment app Sprive. Of the 975,000 first time buyers in 2023 to 2024, 827,000 bought with a mortgage and of these, 11.5 per cent were aged 45 or over. This was almost triple the figure in 2019 to 2020 when only 3.6 per cent were aged 45 or over. While many will have delayed buying because they haven't been able to save a large enough deposit, others may have been put off by high mortgage rates or have been waiting for an inheritance. Most of these buyers are not just arriving late to the ladder, but also locking themselves into decades of debt by taking out longer mortgage terms. The norm was once for people to repay over 25 years, but now most first-time buyers opt for 30 or 35 year repayment terms as rising property prices and higher mortgage rates mean they need to spread the cost over more years. Mortgage applicants are asked whether they plan to still be working at the age when their loan comes to an end, but it doesn't tend to cause a problem unless they will be aged 70 or older. Some lenders allow mortgages to finish up to the age of 85. In 2023 to 2024, 85 per cent of mortgaged first-time buyers took on mortgage terms of more than 25 years. Of these, almost a third, or 250,000 people, committed to 35 years or more. Sprive estimates that two thirds of first-time buyers will be paying their mortgages well into their sixties while one in 20 will be in their seventies. In total, Sprive's analysis found that at least 547,000 of 2024's first time buyers will be paying their mortgages in their sixties while 26,000 will still be in housing debt in their seventies. Today's retirees are borrowing more Borrowing is also on the rise among over-55s, according to UK Finance's latest figures. There were 38,510 new loans advanced to borrowers aged over 55 in the first three months of this year, according to UK Finance's latest figures. This is a 34 per cent rise year-on-year. While the figure includes all types of mortgage borrowing, the data also shows more borrowers are turning to equity release to help meet their living costs in retirement. Some equity release borrowers use the wealth they have built up in their home to pay off their existing mortgage, because they can't afford the monthly repayments in retirement. In the first three months of 2025, there were 5,620 new lifetime mortgages, up 11 per cent in a year, while retirement interest-only mortgages were up 19 per cent in a year. Anyone reaching retirement age with a mortgage could find themselves even more financially compromised, according to Helen Morrissey, head of retirement analysis at Hargreaves Lansdown. 'Later life mortgage lending boomed over the past year, casting a significant shadow over our retirement planning,' she said. 'Having to find the money to pay housing costs in retirement can put real pressure on a budget that may already be under severe strain. 'Over the long term, we can expect these figures to keep increasing. Rising house prices mean people are getting onto the property ladder later and taking longer mortgages, so even if everything in life goes to plan, they will be paying their mortgage beyond the age of 55. 'Some will be able to work later and use the extra cash to meet these outgoings, some will have windfalls during their working life to help pay off lump sums, but others face difficult retirement spending choices.' Without such a windfall, some choose to overpay their mortgage in small amounts throughout the term, to reduce its length and the amount of interest they will pay. Rise of AI makes for an uncertain job market Sprive also warned that the rise of artificial intelligence could also wreak havoc with people's mortgage repayment plans. The Institute for Public Policy Research has said up to 8 million UK jobs could be at risk from AI, particularly in white-collar sectors. If these older home buyers were to lose their income, it would be far more difficult for them to cope than for their peers who had got on the property ladder sooner and therefore had less to pay off. 'We're seeing the emergence of a perfect storm,' said Jinesh Vohra, chief executive of Sprive. 'People are getting on the ladder later in life – many because they are "wait to inherit" buyers who are stuck renting into their 40s, hoping for financial support or inheritance to break in. 'Then when they finally do so, they are paying more than ever for homes, and now face the risk of losing income security due to AI's disruption of traditional jobs. 'Carrying mortgage debt into retirement is becoming the norm - but it's incredibly dangerous when future income is uncertain. 'If your mortgage runs until you're 70 but your role is replaced by AI in your 50s, what happens then? 'We have to prepare for that possibility now - and that starts by helping people get mortgage-free sooner.' Best mortgage rates and how to find them Mortgage rates have risen substantially over recent years, meaning that those remortgaging or buying a home face higher costs. That makes it even more important to search out the best possible rate for you and get good mortgage advice, whether you are a first-time buyer, home owner or buy-to-let landlord. Quick mortgage finder links with This is Money's partner L&C > Mortgage rates calculator > Find the right mortgage for you To help our readers find the best mortgage, This is Money has partnered with the UK's leading fee-free broker L&C. This is Money and L&C's mortgage calculator can let you compare deals to see which ones suit your home's value and level of deposit. You can compare fixed rate lengths, from two-year fixes, to five-year fixes and ten-year fixes. If you're ready to find your next mortgage, why not use This is Money and L&C's online Mortgage Finder. It will search 1,000's of deals from more than 90 different lenders to discover the best deal for you.
