Property News · July 13, 2018

First-time buyers on the rise as buy-to-let mortgage market falls


Number of new homeowners rose 8% in May as mortgages for landlords dropped 10%The number of first-time buyers rose in May while the number taking on new buy-to-let mortgages fell, in a sign that government policies and tax changes are rebalancing the housing market.There were 32,200 new mortgages completed for first-time buyers over the month, 8.1% more than in May last year. The £5.4bn of new lending was up 12.5%, according to figures from UK Finance, a lobby group for the financial services industry. Continue reading…

Source : theguardian.com
Read more…First-time buyers on the rise as buy-to-let mortgage market falls

You may also like...