First-time buyer mortgage numbers ‘highest level since 2006’
January 2, 2019
Added interest in the first time buyer market has been reported via The Yorkshire Building Society stating that “367,038 first-time buyers secured mortgages in 2018, up from 362,800 in 2017″. 50% of new mortgages are said to have been from First Time Buyers.
Facts resulting in this include stamp duty relief for first time buyers along with Help to Buy. Depending how figures are split, undoubtedly the recent slump in house prices and especially those in the South of England and London will too have drawn in interest from both first time buyers and others sitting in rented accommodation awaiting for a readjustment in the values of UK property.
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