First-time buyer mortgage approvals up

There were 32,260 new first-time buyer mortgages completed in October, according to research from UK Finance, 2.8% more than the same month last year. The number of home mover mortgages completed in the month increased 4.2% on the same month last year, reaching 33,370, though the number of buy-to-let home purchase mortgages slipped 1.5% to 6,600. There were 18,910 new remortgages with additional borrowing, down 20.8%, while the number of new remortgages without additional borrowing also fell by 20%.

City AM (17/12/2019)   The Independent (17/12/2019)