Blog Post

First-time buyer mortgages

TomS - Head Tom Simper Feb 10, 2021, 12:00 PM
193_Dataloft_inform_Insight_FTB_deposit_increase

First-time buyer purchases fell by -13% in 2020, the result of a closed housing market in spring and stricter mortgage lending. First-time buyer transactions recovered in the second half of the year, down just -2% on the same period in 2019.

The average price paid by a UK first-time buyer in 2020 was £256,057, a 10% annual increase. Deposits also increased, the average first-time buyer deposit in 2020 was £57,278, a 23% annual increase.

193_Dataloft_inform_Insight_FTB_deposit_paid

Despite the need to raise an even bigger deposit, first-time buyers accounted for half of all homes purchased with a mortgage, in line with 2019 (51%) and 2018 (50%).

Source: Dataloft, Halifax, UK Finance. * Halifax region of East Anglia is similar to East of England and North is similar to North East.

Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"In the liverpool office everything is so organised wouldn’t hesitate to let or sell my property with them."

- Styleous

"Nothing is too much trouble . Very very professional"

- Kevin

"Professionalism, Responsiveness"

- Jade

"The Liverpool team are friendly, professional, and provide a great value service."

- Jacquie

"I would highly recommend Peter Anthony to anyone looking to purchase a property."

- William

"My partner and I would highly recommend this conpany, we were working closely with Greg from the salford office and he went above and beyond for us."

- Elundur

"My experience with Peter Anthony has been great especially thanks to Greg who was major help. I needed to rent a place asap and Greg made that happen."

- Nadia

"Dewi worked promptly and professionally to rent two flats."

- Jerry