First-time buyer surge

In this short speed read, we look at the data behind the increase of activity in the property market of First Time Buyers

A record 45,965 Help-to-Buy equity loans were issued to first-time buyers in the year to the end of March 2021, as appetite from first-time buyers (FTBs) continues.
Over one third of property purchased by FTBs has been priced £200,000 or less, with over half of those benefitting having a household income of less than £50,000.
58% of FTBs have purchased with the minimum 5% deposit. The government has advanced loans in excess of £16 billion since the scheme launched in April 2013.
From April 2021, Help-to-Buy has only been available to first-time buyers, with regional price caps in place, varying from £186,100 in the North East to £600,000 in London.
Source: Dataloft, MHCLG, data to the end of March 2021

Get in touch with us

First Name

Last Name

Your Email Address

Mobile Phone

Are you looking to

Buy

Sell

Rent

Let

Please enter message here

Please confirm that it is okay for us to contact you about this information as well as products and services. (You will always be given the right to unsubscribe at any point in the future)

Confirm

Generation Rent or Generation Patient?

Young people in Attleborough are finding it tougher than ever to buy a home. Rising costs, slow wage growth, and stricter lending have pushed ownership further out of reach, turning it into a long-term goal for many under 34s. This snapshot explores the challenges and what the future may hold.

CLICK HERE >