{"componentChunkName":"component---src-templates-post-js","path":"/first-time-buyer/","result":{"data":{"ghostPost":{"id":"Ghost__Post__5e0e028da519b30038b16823","title":"First-time buyer numbers up","slug":"first-time-buyer","featured":false,"feature_image":"https://images.unsplash.com/photo-1526948531399-320e7e40f0ca?ixlib=rb-1.2.1&q=80&fm=jpg&crop=entropy&cs=tinysrgb&w=2000&fit=max&ixid=eyJhcHBfaWQiOjExNzczfQ","excerpt":"There were 353,436 first-time home buyers in 2019, the highest since 2007. ","custom_excerpt":"There were 353,436 first-time home buyers in 2019, the highest since 2007. ","created_at_pretty":"02 January, 2020","published_at_pretty":"02 January, 2020","updated_at_pretty":"02 January, 2020","created_at":"2020-01-02T14:47:41.000+00:00","published_at":"2020-01-02T14:51:02.000+00:00","updated_at":"2020-01-02T14:51:02.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Thursday, 2nd January\n\nGet straight to the good stuff every day with the Multiply Minute; a\nlightning-quick round-up of the money news and how it affects you.\n\nFirst timers feeling good\nThere were 353,436 first-time home buyers in 2019, the highest since 2007\n[https://www.independent.co.uk/news/business/news/housing-market-first-time-buyers-record-property-ladder-a9266476.html]\n. Analysis by Yorkshire Building Society points to low mortgage rates making\nborrowing more accessible, as well as government schemes that lend a helping\nhand, such as stamp duty relief, equity loans, and help to buy ISAs. But numbers\nare yet to recover to the highs of 2006, when over 400,000 people stepped onto\nthe property ladder for the first time.\n\nBusiness struggled in Q4\nEconomic output was low at the tail-end of the decade thanks to the ongoing\nimpacts of long-term uncertainty, according to a poll of 6,500 businesses by the\nBritish Chamber of Commerce (BCC). It predicts that GDP growth in the final\nquarter of 2019 will be just 0.22%\n[https://www.theguardian.com/business/2020/jan/02/uk-economy-stagnation-end-2019-survey-shows?CMP=Share_iOSApp_Other]\n.\n\nNew Year’s banking outage\nThousands of Halifax, Lloyds, and Bank of Scotland customers who fancied doing a\nbit of New Year life admin were locked out of online and mobile banking\nyesterday\n[https://www.telegraph.co.uk/technology/2020/01/01/customers-complain-nine-hour-halifax-lloyds-bank-outage/] \n(paywall) due to an IT issue. Telephone banking services were operating as\nnormal throughout, and online banking is now back up and running for everyone.\n\nGot 2p going spare?\nWe all know the trick to New Year’s resolutions is to start with small,\nachievable steps. This year, people are tackling the 'penny challenge'\n[https://www.mirror.co.uk/money/penny-challenge-shows-you-how-21193630], a\nsaving hack which sees you put 1p away on the 1st January, 2p on the 2nd (today)\nall the way until the last day of the year (£3.66). If you stick with it, you’ll\nhave £671.61 stashed away to spend in 2021.","html":"

Thursday, 2nd January

Get straight to the good stuff every day with the Multiply Minute; a lightning-quick round-up of the money news and how it affects you.

First timers feeling good

There were 353,436 first-time home buyers in 2019, the highest since 2007. Analysis by Yorkshire Building Society points to low mortgage rates making borrowing more accessible, as well as government schemes that lend a helping hand, such as stamp duty relief, equity loans, and help to buy ISAs. But numbers are yet to recover to the highs of 2006, when over 400,000 people stepped onto the property ladder for the first time.

Business struggled in Q4

Economic output was low at the tail-end of the decade thanks to the ongoing impacts of long-term uncertainty, according to a poll of 6,500 businesses by the British Chamber of Commerce (BCC). It predicts that GDP growth in the final quarter of 2019 will be just 0.22%.

New Year’s banking outage

Thousands of Halifax, Lloyds, and Bank of Scotland customers who fancied doing a bit of New Year life admin were locked out of online and mobile banking yesterday (paywall) due to an IT issue. Telephone banking services were operating as normal throughout, and online banking is now back up and running for everyone.

Got 2p going spare?

We all know the trick to New Year’s resolutions is to start with small, achievable steps. This year, people are tackling the 'penny challenge', a saving hack which sees you put 1p away on the 1st January, 2p on the 2nd (today) all the way until the last day of the year (£3.66). If you stick with it, you’ll have £671.61 stashed away to spend in 2021.

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