FTB Numbers Hit Highest Level In 14 Months

The latest data and analysis from UK Finance has revealed that, during August, there were 35,500 new first-time buyer mortgages completed in the month, a 2% rise against the same month a year earlier. The data shows that the £6.1bn of new lending during August was 5.2% more year-on-year and that the average first-time buyer is 30 and has a gross household income of £42,000. According to the data 38,000 new homemover mortgages were completed in the month, some 2.3% fewer than in the same month a year earlier. Read more on the property reporter website.

http://www.propertyreporter.co.uk/property/ftb-numbers-hit-highest-level-in-14-months.html