First-time buyers at highest levels since 2007

The number of first-time buyers in August reached the highest level since just before the financial crisis, according to the latest mortgage trends data by UK Finance, with 35,010 mortgage completions for new buyers – an increase of 0.7% on August last year. During the month there were 18,640 new remortgages with additional borrowing, down 2.9% on 2018, while the number of remortgages without additional lending slumped 2.3% to 18,100. There were also 5,900 new buy-to-let mortgages completed, down 2.2%, while the number of mortgages handed out to second-steppers declined 5.5% to 35,380.

City AM (15/10/2019)   Daily Mail (15/10/2019)   The Times (15/10/2019)