David Miles, a member of the Bank of England’s Monetary Policy Committee, believes that fewer owner-occupiers would encourage labour mobility. The Treasury, on the other hand, wants more people to get a contractor mortgage and buy their own property.

The British public are becoming increasingly pessimistic about the chances of home ownership, according to a new study by Grainger.

Last week HSBC launched a new contractor mortgage for first time buyers. The High Street bank says this is the only first timer home loan charging less than 4%. Furthermore, HSBC says it plans to make an additional £350 million available to buyers with small deposits before the turn of the year.

Metro Bank launched with much fanfare last year and yet in the fifteen months since it appeared on the High Street, it has approved only 100 mortgages!

Estate Agents Savills have predicted that we will see little upward movement in house prices in the next five years.

We hear a lot about the problems facing first time buyers, but spare a thought for those who bought their property at the height of the housing market boom.

David Cameron announced his strategy to help first time buyers get their first foot on the housing ladder yesterday.

First time buyers in Bedfordshire are to get a helping hand from Barratt Northampton and the Mansfield Building Society.

First time buyers may be interested to know that the Chancellor is expected to reveal that the Government is to back contractor mortgage indemnity guarantees for those struggling to raise a deposit.

The Coventry Building Society has become the latest in the long line of mortgage lending institutions to add new products to its range of buy to let and residential mortgages.

MyMortgageDirect has advised first time buyers that the outlook for the property market remains mixed.

Although money is in short supply at the moment, many Brits do not think about checking contractor mortgage rates to ensure they are getting the best deal.