First time buyers are the new ‘frontline’ for a housing
market buoyed by its best opening quarter lending figures in nine years. The
latest e.surv Mortgage Monitor shows first timers filling the gap left by a
buy-to-let slowdown. Figures show the proportion of small-deposit lending over
March climbed to just over 17% from 15.7% in February. Though the 11,487 loans
granted in March falls slightly behind
February’s 11,598 , on an annual basis this represents a rise of 19.3% from the
9,625 loans granted in March last year. This strong performance compared to a
year ago similarly applied to first-time buyer sales. Read more on 24dash.
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