Blog Post

First-time buyer mortgages

em 2 crop Emily Utratny 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

"Quick, kind, respectful"

- Jan

"Excellent service. They were fast and very friendly."

- Nikolay

"prior to our move everything was answered quickly and information was provided well"

- Juste

"The service provided by Vicky and team at Peter Anthony was impressive"

- Don

"Very responsive and helpful through out the process"

- Saleem

"Peter Anthony is one of the best letting agencies I have dealt with."

- Rahit

"The staff at the Salford office have been fantastic"

- Dominic

"Jamie was my main point of contact and was super helpful from initial viewings, trough the offers process to getting the keys."

- Paul