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.
You May Also Enjoy
Rightmove’s weekly mortgage tracker 30/05/25
Average rates for 2-year and 5-year fixed-rate mortgages Term Average rate Weekly change Yearly change 2-year fixed 4.64% +0.03% -0.78% 5-year fixed 4.61% +0.03% -0.45% Lowest rates for 2-year and 5-year fixed-rate mortgages Term Lowest rate Weekly change Yearly change 2-year fixed 3.82% +0.02% -0.93% 5-year fixed 3.88% +0.09% -0.55% Average…
Read More 
Carpet Cleaning Specials in Stanton: Save on Your Next Service
Sure, the carpeting in your Stanton home is inviting and adds warmth and comfort, but it can also store harmful dirt, allergens, and bacteria that can affect your family’s health. This makes regular carpet cleaning not only better for your health, but also your wallet. With Carpet Cleaning Stanton specials, you can save on the professional services…
Read More
Seven in ten branches now using Rightmove’s insights and training platform
New figures from Rightmove, the UK’s largest property platform, show that seven in ten estate and letting agency branches are making use of its insights and training platform, the Rightmove Hub. This is up from 56% of branches back in 2023. The Hub, first launched ten years ago and recently revamped, has expanded in response…
Read More 
From Fixer-Upper to Profitable Asset: Strategic Renovations for Landlords
Did you buy a fixer-upper? Or maybe you inherited one. Either way, you’re standing in a place with peeling linoleum, a questionable smell, and wallpaper that could file for social security. The big question: Do you patch things up, go full HGTV, or just torch it for the insurance (don’t do that)? First, take a…
Read More 
Household Costs Indices for UK household groups: January to March 2025
Household Costs Indices, 12-month growth rates, expenditure shares and contributions for UK household groups and all-households. These are official statistics in development. Main points Overall UK household costs, as measured by the Household Costs Index (HCI), rose by 2.6% in the year to March 2025; this is a fall from 2.9% in the year to…
Read More 
Why Rural House Prices Are Surging Faster Than Cities
New analysis from Open Property Group reveals that rural England is facing an affordability crunch, as house prices in the countryside outpace urban growth, despite lower average wages and higher living costs in remote areas. These shifting dynamics are challenging the long-standing assumption that rural life offers a more affordable and sustainable alternative to the…
Read More