Older ‘Last Time Buyers’ Now A Growing Part Of The Market

As many as one transaction in three is now undertaken by a so-called Last Time Buyer - twice as many as a decade ago. Data from the Intermediary Mortgage Lenders Association shows nearly 200,000 owner occupier housing transactions in England annually are made by the over-55s as a growing number use their equity reserves to find their last home. IMLA’s research shows that each year only around 2.5 per cent of the estimated 8m older homeowners in England move but it predicts this to grow as the demographic group is increasing faster than any other. Read more on the Estate Agent Today website.

https://www.estateagenttoday.co.uk/breaking-news/2019/4/older-last-time-buyers-now-a-growing-part-of-the-market-figures-reveal