Mortgage lending to first-time buyers slumps to 21-month low
The Council of Mortgage Lenders said 19,000 loans worth £2.8billion were handed out to first-time buyers – a decline of 27 per cent compared to December.
The Council of Mortgage Lenders said 19,000 loans worth £2.8billion were handed out to first-time buyers – a decline of 27 per cent compared to December.
Approvals up 42 per cent as first-time buyers try to stay ahead of Central Bank measures
Regulator Sharon Donnery says new rules involve ‘proportionate limits’ and the needs of first-time buyers must be balanced with the resilience of the banking sector
A drop in mortgage lending to first-time buyers signals a dip in confidence among those intending to buy a home, according to mortgage brokers.