Are you sure you want to delete your account?
You have indicated you do not agree to our terms of use, do you wish to delete your account?
Login
person
lock_outline
Why not sign up?

You will also be registered for the agent to contact you via other means you provide, with information relevant to your property search.

Register
There was an error creating your account, please try again. If the problem persists, please contact us and we will investigate.
Password does not match
How would you like to be contacted?

First Time Buyer Mortgages

Published: 13/11/2020

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

Are you trying to find a new place to live, call Willmotts for property advice or information with selling and or buying a home please email sales@willmotts.com or call 020 8222 9958

#willmotts #propertyexperts #estateagents #lettingagent #charteredsurveyors #willmotts1856 #guildproperty #dataloft #proudguildmember  #propertymarket #tenants #landlords #propertysales #residentialproperty