First time buyers increase as number of remortgages slows

The increase. First-time buyers have almost accounted for 42% of new home purchases in 2018 compared to 38% in 2015 and 31.

UK Finance’s mortgage trends update for October 2018 found there were 32,900 new first-time buyer mortgages completed in the month, approximately 8.2% more than in the same period last year. On an annual basis, the value of new lending has increased by 12.2%, rising to £5.5bn.

In the Q4 2016 report it states that 39% of all mortgages handled by advisers between October and December were remortgages, representing an increase of 7% on Q1. First time buyers, despite a 2% decline in Q4 2016, account for 18% of mortgages handled.

On the other hand, there is a first time. that for a number of quarters, but when the dust settles, we will regain our.

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In March there were 16,180 new remortgages with additional borrowing, a 9.1 per cent increase year on year. The average amount taken out on top of the remortgage money was 55,700.

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The number of remortgage deals increased by 41 per cent in December, when compared to the same month in 2016, according to conveyancing service provider LMS. Not surprisingly demand for fixed-rate deals is [.]

For the first time in a decade. wars and lightning-fast sales slows a bit. The total number of single-family homes on the market jumped an eye-popping 43 percent in June from a year ago across King.

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We expect more first-time buyers over the next two years, helped in part by competitive mortgage rates and government housing schemes. home movers numbers have recovered a little in 2017, but look set to remain flat over 2018 and 2019, as they have benefitted less from government support and have been largely left to fend for themselves.

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