Blog Post

First-time buyer mortgages

Rebecca Galgut Nov 19, 2020, 11:00 AM
183_Dataloft_inform_Insight

The average mortgage for a first-time buyer across the UK is just shy of £194,000, as FTB numbers fell 29% in the first half of 2020 versus 2019.

The average deposit for a FTB is now £47,059, purchasers requiring a mortgage at 80% LTV. There are 52% fewer 80%+ LTV products available on the market now than in March, 12% fewer than in July.

FTBs accounted for over half of all house purchase loans in 2019, but these purchasers have been more significantly affected by the impact of COVID-19.

FTBs will be helped in future by continuation of the government's Help-to-Buy scheme until March 2023 and the introduction of government backed 95% LTV mortgages. Source: Dataloft, Moneyfacts, Halifax

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

"Excellent service from Peter Anthony"

- Harry

"Peter Anthony are by far the best estate agents I've dealt with. Greg dealt with our move and was so quick to respond and helpful with any queries, he really made the process so easy."

- Katie

"Couldn’t recommend higher!"

- Laura

"Renting a property with Peter Anthony is one of the best experiences I have in my life."

- Saher

"Professional, swift service and I would highly recommend them as an estate agent."

- Anna-Marie

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

- Styleous

"Any issues I’ve had have clearly been listened to so she can help me effectively."

- David

"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