Government Pushes for Easier Mortgages – What This Means for First-Time Buyers in Wakefield
Big news for first-time buyers: the Government is taking new steps to make homeownership more achievable — especially for those with smaller deposits or lower incomes. This could be a game-changer for people across Wakefield and West Yorkshire looking to get onto the property ladder.
This week, the newly appointed Economic Secretary to the Treasury, Lucy Rigby, and Housing Minister, Matthew Pennycook, are meeting with major high street banks to relaunch a key pledge: increasing access to affordable housing and supporting first-time buyers.
The focus? Making sure lenders prioritise those trying to buy their first home, using the reforms announced in Leeds this July. These reforms aim to simplify lending rules and make it easier for buyers to borrow safely within regulated limits — even with smaller deposits.
Experts estimate that these changes could help up to 36,000 additional first-time buyers get their foot on the property ladder in the first year alone.
Recent discussions with building societies have highlighted how new mortgage products — including low or no deposit options for those with good credit — could open the door to homeownership for thousands more.
The Building Societies Association is also launching a campaign to raise awareness about these opportunities, helping buyers who previously thought homeownership was out of reach.
For local buyers in Wakefield, Hodsons Estate Agents is here to help you make the most of these new initiatives. Whether you're exploring your first purchase or you're unsure what options are available to you, having the right guidance is key.
That’s where Matthew Ashurst, Hodsons' experienced in-house mortgage adviser, can make a real difference.
Navigating the mortgage market can feel overwhelming — especially with so many new changes. But with Matthew Ashurst on your side, you're not doing it alone.
Matthew offers:
Independent mortgage advice tailored to your needs
Access to a wide range of lenders, including exclusive deals not available on the high street
Expert support with low-deposit mortgages
Guidance through affordability checks and paperwork
A clear, jargon-free explanation of your options
With decades of experience, Matthew has helped hundreds of first-time buyers in Wakefield and beyond secure the best possible mortgage for their situation.
As one of Wakefield’s most trusted estate agents, Hodsons offers more than just property listings. We provide:
Local market expertise backed by years of experience
A dedicated, personalised service from start to finish
Trusted advice on everything from mortgages to conveyancing
A deep understanding of the challenges facing today's buyers
And with the Government’s latest focus on increasing homeownership, there’s never been a better time to take the first step.
Ready to Start Your Homeownership Journey?
If you're thinking about buying your first home, now is the time to act. Contact Hodsons today to book a free consultation with Matthew Ashurst and explore your mortgage options.
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