Share Of Homes Bought By First-Time Buyers Expected To Drop

The share of homes purchased by first-time buyers in the UK looks likely to drop for the first time in five years, as major banks pull low-deposit mortgages off the market in response to the Covid-19 crisis. Forecasts released by property portal Zoopla show that, despite a surge in demand earlier this year, first-time buyers will make up around 33.9% of home purchases in the UK for 2020, down from a 10-year high of 34.9% in 2019. If forecasts prove correct, that will mark the first decline in house sales to first-time buyers since 2015. Read more on the Guardian website.

https://www.theguardian.com/money/2020/sep/28/share-of-uk-homes-bought-by-first-time-buyers-expected-to-drop-covid-mortgages