New data from the English Housing Survey shows the number of outright homeowners is greater than those buying with a mortgage.
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Category Archives: First Time Buyers
According to the Council for Mortgage Lending (CML) gross mortgage lending decreased by 14% in January to £14.3 billion.
With interest rates remaining low lenders are lowering fixed rate mortgages even for homebuyers with only small deposits.
The Council of Mortgage Lenders (CML) have released data showing the number of homeowners losing their house is down 26% in the last year.
Over the three months to January house prices were 1.9% higher than the previous period across the UK despite uncertainty over the election.
Bank of England data shows a rise in the number of mortgage approvals to 60,275 as lenders bring back low cost mortgages.
First time buyers have struggled to buy their first home with numbers declining for more than a decade according to the ONS.
Data from the Council of Mortgage Lending shows mortgage lending has reached a six-year high although lending has now slowed.
Data released from the ONS shows the cost of buying a home for first time buyers has increased by 11% over the year.
The number of first time buyers is 22% up and a seven year high, says the Halifax and helped by high loan to value mortgages.