While first-time buyers stay closer to the capital, upsizers move further away.
![Falling mortgage rates slow exodus of first-time buyers leaving London London House](https://barcadiapublications.fra1.cdn.digitaloceanspaces.com/property-reporter/img/list/london_house-14973.jpg?v=d9d63ee04786edaee0f6a488968619cd)
While first-time buyers stay closer to the capital, upsizers move further away.
First-time buyers shared their top priorities, including property prices, local transport routes, school Ofsted ratings and annual salary growth.
From April 2025, the stamp duty-free threshold is set to reduce back down to £300,000, significantly reducing the volume of eligible homes for first-time buyers.
The biggest rises have been seen in the North West, according to Rightmove's latest study.
The number of first-time buyers fell 22% between January and August this year, compared to the same period in 2022, according to the latest Halifax research.
A fifth (20%) of those in the early stages of buying will now need a guarantor in order to get their foot on the housing ladder.
Amid falling house prices, are first-time buyers making use of government housing schemes? Uswitch polled a number of potential buyers, with the data showing that those on the lowest...
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