First-Time Buyer Numbers Hit ‘Twelve-Year High’

The number of first-time buyer mortgages in August 2019 edged towards the highest monthly total since August 2007, according to the latest data from UK finance. The figures follow the MHCLG’s own research revealing 87% of the public would prefer to buy, rather than rent, a home. It also found 57% of people support the building of new homes in their own community, up from 28% in 2010. During the month there were 18,640 new remortgages with additional borrowing, down 2.9% on 2018, with the extra amount borrowed reaching an average of £55,000, according to the latest data. Read more on 24housing.

https://www.24housing.co.uk/news/first-time-buyer-numbers-hit-twelve-year-high/