- 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.
UK consumers spent £395 million on Easter eggs and confectionery during Easter 2018, up 5% on 2017 and it is anticipated that spend in 2019 will be even higher. Such spending equates to the equivalent of over 1,700 average priced UK homes. By property type, this would buy over 2,000 average priced terraced properties, compared […]
Much has been written about the rise in the number of people renting rather than buying their home but, according to the latest English Housing Survey (EHS), 58% of renters fully intend to buy. This is good news for anyone feeling the effects of low transaction volumes, a homeowner hoping to sell, or move up […]
Brexit continues to make long-term and strategic decisions difficult for UK-based businesses and homeowners. Yet both the UK economy and its housing market registered around 3% annual growth in each of the first three quarters of 2018. Since the last troughs in GVA* in Quarter 4 2009 (Q409) and house prices (Q109), both indicators have […]