First time buyer mortgage market leads home lending data
UK Finance | April 23, 2019
Lending to first time buyers increased in February with official figures showing that completions increased year on year for a fifth month in a row. There were 24,880 new first time buyer mortgages completed, up 4.1% compared to February 2018, according to the data from trade body UK Finance. The data also shows that there were 23,660 home mover mortgages completed, up just 0.1% year on year and there were 18,200 new remortgages, a year on year rise of 10%.