In November 2018, the number of UK first-time buyers matched the number of people moving home, as a result of attractive mortgage deals. The month saw 36,200 first-time buyer mortgages, a 5.8% YoY increase, with the £6bn ($7.8bn) in new lending up 9.1% YoY. However, this was still down from last year’s peak of 63,900 and below the record However, there were 15,000 new buy to let remortgages completed, a rise of 9.5% year on year by value high set just before the financial crisis when there were 76,100 first-time buyers. The rise in first-time buyers was due to competitive deals and schemes such as Help to Buy, according to UK Finance.
In November 2018, the number of UK first-time buyers matched the number of people moving home, as a result of attractive mortgage deals. The month saw 36,200 first-time buyer mortgages, a 5.8% YoY increase, with the £6bn ($7.8bn) in new lending up 9.1% YoY. However, this was still down from last year’s peak of 63,900 and below the record high set just before the financial crisis when there were 76,100 first-time buyers. The rise in first-time buyers was due to competitive deals and schemes such as Help to Buy, according to UK Finance.