How The IPFA’s Whitepaper Could Benefit First-Time Buyers
It is becoming more and more difficult for young people to get on the property ladder, and many are having to save for years to buy their own homes. The skyrocketing house prices combined with rising mortgage rates, not to mention the soaring rent prices and increasing cost of living, have resulted in fewer people being able to afford to purchase a property.
At Mortgage Required, we are a founding member of the IPFA and we are passionate about helping first-time buyers overcome the many challenges they’re currently facing when trying to get on the housing ladder. We think it’s time for a change and the IPFA’s first whitepaper is driving this change.
What is the IPFA?
IPFA stands for ‘Industry Panel for Financial Advice’ and this panel has come together to advocate on behalf of UK financial advisers and all of the customers we serve. The IPFA comprises some of the leading advisory firms in the mortgage market and at Mortgage Required, we are proud to be working alongside other firms who are equally as passionate about providing fair, transparent and accessible financial advice.
What is the whitepaper about?
The IPFA is working with decision-makers in the mortgage industry and beyond with the aim to drive strategic, regulatory and legislative change. Whilst there are several areas that have room for improvement, the first whitepaper created by the IPFA is designed to help solve the issues today’s first-time buyers are facing. You can download your copy now.
How can this whitepaper benefit first-time buyers?
This new whitepaper is calling on legislators and industry decision-makers to implement some practical changes. These changes would ultimately make it easier for young people and renters to purchase their first homes, and the IPFA’s whitepaper provides a solution to some of the biggest barriers first-time buyers are struggling to overcome in this day and age.
Staying up to date with first-time buyer mortgage news
At Mortgage Required, we understand that home ownership can be a daunting prospect and we can help you navigate the complex mortgage market. Our expert mortgage advisors are here to help you and we provide an award-winning service that is both free and unpressurised. We will be on your side and we can search the whole market to help you find a mortgage product that best suits your needs and your budget.
If you would like to find out more about the housing market and you want to be the first to know about any recent changes that can benefit first-time buyers, explore our news page today. We have a dedicated news and advice section for first-time buyers, and here you will find lots of useful information. We also invite you to download our free ‘First Time Buyers Guide’ and if you have any questions at all regarding getting your first mortgage, don’t hesitate to get in touch with our team. We will always be happy to assist you.
Recent posts
The Equity Release Council has revealed that three in five UK homeowners are interested in releasing money from their property later in life.
Prices for UK houses drop in July 2024
9 days ago
The average seller’s asking price dropped by 0.4% in July, a bigger drop than we have typically seen.
We explore the differences between Millennials and Gen Z and what both generations ideally want from a new home.
Overpaying mortgage vs money into savings
18 Jun 2024
Should you overpay your mortgage? If you can put extra cash away you need to seriously consider whether you should pay more off on your mortgage or put it into a savings account.
Buying a property, especially in the current climate, is a big decision for first time buyers. We have listed a few tips that can help you buy your first propertyy
Does the time of year make a difference in house purchases? The answer is, yes and no.
The popularity of buying a house can vary depending on various factors such as regional trends, how the economy looks, and of course personal circumstances.
6 Garden Tips to Add Value to Your Property
30 Apr 2024
If you are looking at putting your house on the market, you may want to consider giving your garden some TLC. Small changes can make your outside space a lot more attractive to potential buyers resulting in a faster sale.
Averages for a first time buyer in the UK
24 Apr 2024
Getting on the property ladder is a big milestone in life, and is not something to take lightly. There are several things to take into consideration such as saving up for a deposit, finding your dream home, and finding the best mortgage product to suit you. Here we look at UK first time buyer statistics.
More information
Trusted by
