First Time Buyer Mortgages Strong Despite Ongoing Brexit Uncertainty

Figures show a surge in first time buyers securing mortgages in recent months, despite the market showing continued signs of Brexit-fuelled uncertainty. Data from the Intermediary Mortgage Lenders Association shows that 89 per cent of first time buyer mortgage offers were completed in that three month period. This is a three year high and is up from 81 per cent in the third quarter of 2018. Brokers reported overall mortgage completions (to all buyers, not just first timers) were up by five per cent quarter-on-quarter at the end of 2018, to 87 per cent – the highest figure on record. Read more on the Estate Agent Today website.

https://www.estateagenttoday.co.uk/breaking-news/2019/3/first-time-buyer-mortgages-strong-despite-ongoing-brexit-uncertainty