Essayer OR - Gratuit
Mortgage rules shake-up has an instant effect for first-time buyers
The Observer
|July 20, 2025
When Amber Leaux graduated from university in 2018, she moved back into her parents' council flat in north London to save for her first home.
Since then Leaux, a PR consultant and the host of the Style & City Diaries podcast, says she has saved a 10% deposit. But an announcement by chancellor Rachel Reeves last week, which will make mortgages available to those on lower incomes, may mean Leaux can buy her first home - and move out of her parents' flat - "by the end of the year", she says.
Data published by the Institute for Fiscal Studies (IFS) in January this year showed that 1.7 million 24to 34-year-olds, or 20% of that age group, are living with their parents - the most in two decades.
The government estimated that Reeves's new rules, which will increase the number of people who can borrow at more than 4.5 times their salary, the current limit, and allow first-time buyers on lower incomes to take out mortgages, will help 36,000 people to get on the housing ladder.
Cette histoire est tirée de l'édition July 20, 2025 de The Observer.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE The Observer
The Observer
Labour's lost minority votes in the byelection tell a story of class, not sectarianism
What the Labour party was really interested in,\" Pervaiz Khan observed, \"was recruiting clan elders who could deliver votes en masse.
4 mins
March 08, 2026
The Observer
Sibling revelry: DoJ files suggest Ghislaine was not the only Maxwell to take Epstein cash
The disgraced financier showered millions of dollars on his money-obsessed former girlfriend. But did her sister and her sister's husband also benefit from his riches? Alexi Mostrous investigates
6 mins
March 08, 2026
The Observer
The Secret Agent unveils blueprint for a golden age of Brazilian film
Certain costumes are the hallmarks of Brazil’s carnival: among the blocos, parties that flood the streets every February, you will find a sea of cupids, pirates and ballerinas.
3 mins
March 08, 2026
The Observer
Immigration revolt against Mahmood’s plans grows
The Labour rebellion over immigration is growing, with 100 MPs now opposing the government’s plans, up from 80 in the space of a week.
1 mins
March 08, 2026
The Observer
Marsh harrier
I thought my skydancing days were over.
2 mins
March 08, 2026
The Observer
Starmer is treading a fine line between principle and support
The PM is adamant that bombing Iran is unlawful without evidence of threat
3 mins
March 08, 2026
The Observer
Old Dragons don't ignite young UK entrepreneurs
Barely half of young people in the UK say they feel proud when British entrepreneurs succeed, compared with two-thirds or more of those aged 50 and above, according to a recent report by Enterprise Britain.
1 min
March 08, 2026
The Observer
Israelis back war that may revive Netanyahu as PM plots early election
The prime minister has long coveted war with Iran, but he knows the offensive comes with a political dimension at home.
4 mins
March 08, 2026
The Observer
US weighs 'boots on ground' option as offensive drags on
The US could deploy special forces for targeted missions inside Iran, under a plan that has divided Trump administration officials, as the White House steps up its attack on the Islamic Republic.
2 mins
March 08, 2026
The Observer
I thought Al was a Geordie greeting until it took over my dad gig and chatted canny sci-fi
Someone upset my 13-year-old son with an unkind remark. We talked it through but it was late, I was tired, and I suggested that we reconvene in the morning.
3 mins
March 08, 2026
Listen
Translate
Change font size