Thursday, October 2, 2025
NewsWave
No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
Login
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
Login
No Result
View All Result
Login
NewsWave
No Result
View All Result
Home World UK

Huge changes to mortgages for first-time buyers set to be unveiled today

15 July 2025
in UK
0
Huge changes to mortgages for first-time buyers set to be unveiled today
Share on FacebookShare on Twitter



Chancellor Rachel Reeves is set to announce new mortgage reforms aimed at helping first-time buyers, including increased affordability options allowing loans at 4.5 times income and lower salary thresholds for specific mortgage programs. Additionally, a government-backed mortgage guarantee scheme will encourage banks to offer riskier loans, with plans to review lending rules to recognize rent records as proof of repayment capability.

Explain It To Me Like I’m 5: The government is making it easier for people to buy their first homes by changing mortgage rules, allowing more people to qualify for loans based on their income and rent history.

Want More Context? 🔎

🪄 Creating a simple explanation...

Tags: British GovernmentbuyersFirsttimeHousinghugemortgagesNewsPoliticsrachel reevesRentingsettodayTreasuryunveiled
Previous Post

EU foreign policy chief – Middle East Monitor

Next Post

M&A bankers find dealmaking tough under Trump

Related Posts

Met Police Officer Encounters BBC Undercover Reporter Filming
UK

Met Police Officer Encounters BBC Undercover Reporter Filming

by My News Wave
2 October 2025
0

PC Phil Neilson of the Met Police was recorded making racist and violent comments during a meeting with an undercover journalist, expressing derogatory views about immigrants and discussing police brutality. The Met's leadership, including Commissioner Sir Mark Rowley, condemned the officers' behavior, affirming a commitment to rooting out such attitudes from the force. Want More Context? 🔎

Read more
African group removed from Scottish woodland settlement
UK

African group removed from Scottish woodland settlement

by My News Wave
2 October 2025
0

A self-proclaimed group called the 'Kingdom of Kubala,' led by 'King Atehene' and 'Queen Nandi,' was evicted from council-owned land in Jedburgh, Scotland, after being banned by the Selkirk Sheriff Court. The trio, who live-streamed their eviction, had previously been removed from private land and faced concerns from local authorities regarding their lifestyle and claims of heritage. Want More Context? 🔎

Read more
G-A-Y in London to Close Following Owner’s Statement
UK

G-A-Y in London to Close Following Owner’s Statement

by My News Wave
2 October 2025
0

G-A-Y on Old Compton Street, an iconic LGBT club in London, is closing due to rent issues and the area losing its identity, as lamented by owner Jeremy Joseph. The decision follows a rent increase tied to the nearby Heaven nightclub and reflects broader challenges in the hospitality sector, particularly affecting LGBT venues amid a changing Soho landscape. Want More Context? 🔎

Read more
Elon Musk’s Net Worth Reaches 0 Billion
UK

Elon Musk’s Net Worth Reaches $500 Billion

by My News Wave
2 October 2025
0

Elon Musk has become the world's first person to surpass a net worth of $500 billion, primarily due to a significant rise in Tesla's shares, which increased by over 20% in the past year. Despite facing personal controversies, including strained family relations, investors are optimistic as Musk refocuses on business ambitions, including selling AI robots and expanding Tesla's market reach. Want More Context? 🔎

Read more
Sir Lindsay Hoyle’s £56,000 Travel Expenses for Hotels and Dining
UK

Sir Lindsay Hoyle’s £56,000 Travel Expenses for Hotels and Dining

by My News Wave
1 October 2025
0

Sir Lindsay Hoyle's Travel Expenses Sir Lindsay Hoyle, Speaker of the House of Commons, incurred over £56,000 in travel expenses for various international trips from November 2024 to July 2025, including business class flights and luxury accommodations in countries like Malaysia and Ukraine. Notably, his most expensive trip was to Malaysia, costing £8,286, while dining expenses at upscale restaurants further added to the bill. Want More Context? 🔎

Read more
White House Responds to Trump’s Alien Medbed Claims
UK

White House Responds to Trump’s Alien Medbed Claims

by My News Wave
1 October 2025
0

President Donald Trump shared and later deleted an AI-generated video promoting the baseless 'medbed' conspiracy theory, suggesting the existence of advanced healing hospitals accessible to all Americans. The White House defended Trump's actions, stating he has the right to post and delete content on his social media, emphasizing his transparency and direct communication with the public. Want More Context? 🔎

Read more
NewsWave

News Summarized. Time Saved. Bite-sized news briefs for busy people. No fluff, just facts.

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • Entertainment
  • Europe
  • India
  • Middle East
  • New Zealand
  • Sports
  • Technology
  • UK
  • USA
  • World

LATEST NEWS STORIES

  • Italian dockworkers block ships heading to Israel
  • Changes to H1-B Visa Impact Indian Students
  • Stabbing and Car Incident at Heaton Park Synagogue
  • About Us
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In