Property News · January 11, 2016

Quarter of first-time buyers opt for 35-year mortgages to get on ladder


Number of first-time buyers down 0.5% in 2015 to 310,000, with the average deposit rising above £30,000 and mortgage terms getting longerThe number of first-time buyers in the UK housing market has fallen for the first time in four years, with the typical deposit required to buy a property now above £30,000.The estimated number of first-time buyers last year was 310,000, down 0.5% on 2014 and the first decline since 2011, according to Halifax. Continue reading…

Source : theguardian.com
Read more…Quarter of first-time buyers opt for 35-year mortgages to get on ladder

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