Property Facts

A Love Nest Of Your Own 💕

  • Since Help to Buy was introduced in 2013, take-up in the number of first-time buyer mortgages has grown by 37% to end 2018. In 2018 there were some 370,000 first-time buyer loans with an average borrower age of 30 years old, typically borrowing £142,500 and a loan to value of 84%.
  • As first-time buyer numbers have grown, so too has the proportion of the home owner mortgage market they account for; in 2013 they represented 43% of loans, in 2018 this increased to 50% of loans.

James Forrester
James Forrester MD of Barrows & Forrester Property Group and Author of The Birmingham Property News Blog.
http://www.birminghampropertynews.co.uk

Leave a Reply

Your email address will not be published. Required fields are marked *