First-time buyers now driving housing activity according to Lloyds Bank Homemover review

July 24, 2018

The number of people moving home has dipped in the first half of the year and now account for only around half (49%) of the housing market – the first time homemover numbers have fallen behind first-time buyers since 1995, according to the latest Lloyds Bank Homemover Review.

The Homemover review reveals that there were 170,000 UK homemovers in the first six months of 2018 – a slight fall compared to the first half of 2017.

Andrew Mason, Lloyds Bank mortgage products director, said:

“Despite continuing low mortgage rates, the homemover market has stabilised with little movement in the first half of this year to leave first-time buyers now driving housing activity. This may be in part due to the Help to Buy scheme enabling first-time buyers to purchase a new property, combined with the low availability of the ‘right type’ of homes for those looking to move up the housing ladder. The costs of moving house and potential further interest rate rises may also be weighing on potential homebuyers’ minds.

“However, it is good to see the number of first-time buyers increasing, helping to keep some movement along the property ladder.”

Read the Lloyds Bank Homemover Review published 20th July 2018 in full click here.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Estate Agent Talk

Insurance Broker’s Top Tips to Avoid Home Insurance Claims

Every homeowner wants to do what they can to avoid unnecessary insurance claims, especially if you have a high-risk property, holiday home or home you rent out to others. For homeowners, insurance claims can mean hefty hikes in insurance prices in the future, and for landlords or holiday homeowners, the loss of earnings while a…
Read More →
Estate Agent Talk

7 ways to pay off your mortgage faster in 2025

Paying off your mortgage gives you the personal and financial security of owning your home outright, and you no longer have the monthly cost of repaying your lender. Sarah Thompson, Managing Director of Mortgage Scout explains seven things you can do that should help you get there quicker: Consult an independent, regulated financial adviser If…
Read More →
Love or Hate Rightmove
Breaking News

Rightmove’s weekly mortgage tracker – 05/02/25

Average rates for 2-year and 5-year fixed-rate mortgages Term Average rate Weekly change Yearly change 2-year fixed 4.98% -0.04% +0.01% 5-year fixed 4.78% -0.03% +0.14% These rates are provided by Podium and are an average based on 95% of the mortgage market. All rates are based on products with a circa £999 fee. Lowest rates…
Read More →
Love or Hate Rightmove
Breaking News

February & March are the best months to list a home for sale

February and March are the best months to list a home for sale, based on the likelihood the home goes on to successfully complete, closely followed by April and January Nearly seven in 10 homes (66.3%) listed for sale in February and March since 2012 go on to complete the sale, the joint-highest months of…
Read More →
Home and Living

The Cost of Replacing a Wooden Garage Door in Seattle

The replacement of a wooden garage door might be a very expensive affair for homeowners in Seattle. Adding beauty and durability, the wooden garage door installation in Seattle gives a touch of character and worth to your home. The most important factor that is to be kept in mind is the estimation of the cost…
Read More →
painting with polycell crack free ceilings
Home and Living

The Benefits of Repainting Your Interiors

Repainting your home’s interior is a simple yet powerful way to refresh and revitalize your living space. Whether you’re looking to update outdated colors, boost your home’s value, or create a more inviting atmosphere, a fresh coat of paint can make a significant difference. In this article, we will explore the numerous benefits of repainting…
Read More →