Half of all mortgages go to first-timers

Research from the Yorkshire Building Society shows that half of all homes bought with a mortgage last year went to first-time buyers. The analysis shows that 367,038 first-time buyers used mortgages in 2018, compared to 193,300 in 2008 and a peak of 402,800 recorded in 2006. Yorkshire Building Society says first-time buyers represent 50% of all homes bought with a mortgage, marking the highest proportion since 1995. The researchers said the figures suggest government initiatives such as Help to Buy Isas and stamp duty relief have had a positive impact.

Daily Mail )01/01/2019)