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Some banks are starting to offer 10% first-time buyer mortgages again 

Great news.



The uncertainty of the pandemic through the housing market in a spin making it almost impossible for first-time buyers to get on the property ladder.

In the wake of the pandemic, lenders increased the required deposit over concerns that house prices could fall in the wake of the pandemic. There was also the threat of unemployment and economic crisis.

Now, some banks are bringing back their first-time buyer mortgages plus there’s a whole host of new deals and cash incentives – a sign of increased confidence in the market!

TSB along with the digital bank Atom and Yorkshire Building Society is launching a range of loans with as little as 10% deposits again. 

Lloyds, the UK’s biggest mortgage lender is reintroducing its 10% deposit mortgage deal, an option it pulled at the start of the pandemic. The loan must not exceed £500,000 and is only available to first-time buyers and new-builds are excluded. 

Stephen McKay/Geograph

Jasjyot Singh, the managing director of consumer and business banking at Lloyds Banking Group, said: “We are committed to helping people take their first step on to the property ladder and while there have been record levels of mortgage approvals over the past few months, raising a deposit is still hands-down the biggest challenge for first-time buyers. Higher LTVs (loans to value) means we can support more people ready to get a foot on the ladder.”

Nationwide Building Society is making 10% deposit loans available for existing mortgage customers looking to move as well as first-time buyers from the second week of December.

Yorkshire Building Society has relaunched its 10% deposit mortgages, aiming at first-time buyers and existing homeowners who want to remortgage or move.


Owned by the Co-op Bank, Nationwide and Platform plan to scrap restrictions on gifted deposits meanwhile Virgin Money have cut their rates. 

Despite new incentives, rates have increased dramatically. The average two-year fixed-rate (for a 90% mortgage) jumped from 2.05% in January to 3.55% in October, the Bank of England reports. 

TSB and Platform are offering five-year deals at 3.79%. however, TSB has a £995 fee and offers £500 cashback, whereas there is no fee for Platforms’ deal and there is a £1,000 cash back incentive.  

The government has also announced a new Help to Buy scheme, the Help to Buy: Equity Loan scheme which will cover 2021-2023 for first-time buyers interested in new-build homes. 

The house must be newly built and worth up to £600,000, you must have not owned any property previously and cannot sublet or rent it out.

The Equity Loan sees potential buyers receive up to 20% of the value of the new-build home from the government (40% in London), the homeowner is then required to pay at least a 5% deposit and arrange a mortgage of 25% or higher. 


Hospital worker is raffling off his four-bedroom detached house to raise £50,000 for NHS

10% of the raffle’s proceedings will go towards an NHS charity



WIN_A_HOME_AND_SUPPORT_NHS / Facebook, Nick Wyrill / Facebook

A hospital worker is raffling off his four bedroom detached house, valued at £350,000, to raise money for the NHS.

Nick Wyrill, thirty-four, is giving one lucky winner the chance to win his house ‘for the price of a coffee’, as well as donating 10% of the sale to an NHS charity if all tickets are sold – which will work out at £50,000.

Nick, an NHS Manager at Pinderfields Hospital in Wakefield, launched the competition on the app Raffall, where wannabe home owners can purchase a raffle ticket for just £2.


He and his wife Louise want to relocate to a bigger house with their one year old son, Arthur, but decided against going down the conventional selling route to do something a little more charitable, instead.

Speaking of his motive behind the unique give-away, Nick told Proper Manchester: “There are a couple of reasons why we want to make the donation; I wanted to give back to my colleagues for all their hard work in the COVID-19 pandemic.

“The challenges my teams have faced in the past 12 months and are still facing have been enormous. The NHS has done so much for us all and this allows us to give a thank you back to them.”


He also explained that his mum had sadly passed away after a battle with cancer last year, and that his dad is currently undergoing cancer treatment at the NHS hospital in which he works.

Nick added: “My mum sadly died of Cancer in March 2020 and my dad is sadly receiving treatment for Leukaemia at Pinderfields Hospital, after being diagnosed in January 2021.

“This has further sparked our desire to give something back to the NHS.”

The raffle will end on July 1st or when all 250,000 tickets are sold. 


The home property is a modern build in Wakefield near the M1, in a cul-de-sac location, with a master bedroom, a super-king bed and an orangery with a log burner looking out onto the private garden.

Some details about the house:


Hallway access to living room, kitchen/dining room and Stairs to landing area.


UPVC framed double glazed bay window. Good size lounge able to accommodate a large corner sofa.


Fully fitted kitchen, comprising integrated fridge freeze and dishwasher. Tiled flooring throughout.


Large Orangery to the rear of the property, comprising wooden flooring and wood burning stove. Fantastic views of the landscaped garden.


Contemporary bathroom fittings, with half tiling and tiled floor.


Very spacious bedroom with fitted mirrored wardrobes. Large window making the bedroom light and airy. Ensuite shower room attached.


Currently being used as a nursery. Can fit a double bed.


King size bedroom with plenty space for wardrobes and bedside draws. Large windows make this bedroom light and airy.


Currently being used as an office, but would be suitable for a single bed / nursery.


Large garage suitable for one small vehicle or as a storage area. Boiler is located here.


Front garden with block paved driveway.

Rear garden features a fully landscaped garden with x2 patio areas. A fruit patch is located to the rear of the garden comprising of; Plum, Cherry and Apple trees, along with Raspberries, Strawberries and blackberry plants and Rhubarb.

If you’d like to purchase a raffle ticket for yourself, you can do so here – you can also keep up to date on Facebook here and Instagram here.

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Brand new development at heart of Salford’s £1bn investment has flats and houses available now

Everything you need to know about this stunning development



The English Cities Fund

The area around Chapel Street continues to receive investment, including a new development of contemporary apartments and townhouses.

The English Cities Fund was set up around 15 years ago by three partners – national urban re-generator Muse Developments, Legal & General and Homes England – with the mission to ‘unlock the potential in our towns and cities, by reinventing urban areas at pace, in new and imaginative ways’.

As part of the scheme, Salford Central received a massive £1bn of regeneration cash to transform over 50 acres of the historic city centre into a brand-new neighbourhood and mix-use destination. 

Loads of developments such as Vimto Gardens, Carpino Place and Valette Square have taken place over the years. 

The English Cities Fund
The English Cities Fund

Plus the area has seen the introduction of plenty of independent bars and restaurants, with the outstanding Porta Tapas, The New Oxford Pub, The Old Pint Pot, Le Cassi’s Wine Bar, plus Vero Moderno on Chapel Street alone.

You’ll also find Caribbean Flavas, Pizzology, Chung’s Chippy, as well as plenty of arts and culture in the form of the nearby Salford Museum & Gallery and GK Gallery.

Also in the area, on the banks of the Irwell, is the historic Peel Park, which first opened its gates in 1846 and received a whopping £1.6m refurbishment throughout 2017 to return it to its former glory.

The latest addition to the line-up is a new development, Atelier, which is set to be slap bang in the middle of all the action. 

The English Cities Fund
The English Cities Fund

Home to 167 contemporary 1, 2- and 3-bedroom apartments, plus eleven new 3-bedroom townhouses each complete with their very own front door, garden and secure parking, Atelier will bring life to the former wasteland opposite Salford Cathedral. 

Launch prices are in the region of £170k for a 1 bed with completion of the project due in the last quarter of this year. The apartments are also Help to Buy (Subject to availability, eligibility and meeting government restrictions).

Find out more here

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Rightmove reveals how much first-time buyers will have to pay for a home in the North West

Everything you need to know…




Rightmove reveal just how much you can expect to pay as a first-time buyer in your region.

Latest studies by Rightmove show that the North West has seen the biggest annual rise in property prices for first-time buyer homes with two or fewer bedrooms. 

The average asking price in the North West is up 8.6% over the past 12 months, the biggest increase in any region across Great Britain. 

The second biggest increase is seen in Yorkshire and The Humber with prices up 8.4%, followed by the West Midlands at 7.0%.

The average asking price for a first-time buyer is £200,578, up 3.9% compared to 12 months ago, equating to an annual rise of £7,475.

The average asking price in the North West in January 2021 is £144.453.

The only region where the asking price exceeds £400k is in the capital where the average is £474,950. However, London is the only region where first-time buyer property prices have fallen year on year with prices down 1.4% compared to a year ago. 


Tim Bannister, Rightmove’s data expert said: “Many people are deciding that 2021 is the year to get their foot on the property ladder, and this research provides an insightful snapshot into the first-time buyer sector across the British property market right now.

“What’s interesting for me is that, despite the higher asking prices in London, first-time buyers in the capital appear to have a window of opportunity to negotiate a good deal, with this being the only region to have seen average first-time buyer asking prices fall over the past 12 months.

“Conversely, sellers in the North West who are looking to trade up and move into a bigger home are in a strong position, with average asking prices for first-time buyer properties having jumped by 8.6% during the same period, which is a good indicator of a strong market.”

Richard Powell, Director at Ryder & Dutton with branches across East Lancashire, North Manchester and West Yorkshire, said: “I think first-time buyer homes have seen a boom in property prices because demand is outstripping supply.

“We’ve less properties for sale per branch than at any time since the late 1980s, which of course causes prices to rise. Having said that, people still want to buy homes and in many cases it’s no more expensive to buy in the North West than to rent, especially with low mortgage rates available.

“The North West possibly has a greater stock of properties that are more easily accessible for first-time buyers – places such as Oldham, Rochdale, Bury and Blackburn – these big, former mill towns have lots of terraced properties around the £100,000 to £200,000 mark that are available to buy.

“And coupled with more Help to Buy schemes and new-build developments, it’s probably easier to become a first-time buyer in this part of the world than many other regions, which also helps to push prices up.

“We’ve also seen a reluctance from people in their first homes to move up the ladder because they haven’t had confidence in the market to do so. Over the past four years or so with Brexit and now Covid, we’re seeing a lot of pent-up supply as well as pent-up demand.”

We chatted to a property expert last week to find out the top six places to buy in Greater Manchester this year, including Salford, Prestwich and Ancoats! See more here

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