Number of UK first time buyers is rising

[Nicholas Wallwork]

The numbers of first time buyers are increasing, although still well below levels at the market peak in 2006, according to research from UK lender Lloyds TSB. Spending by first time buyers on fees and furnishings is estimated to have contributed £1.9 billion to the economy in 2012 and first time buyers supported a further [...]

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[As41lton]

I'd agree, it's good that we're seeing lending becoming more available to first time buyers. Lets just hope that the whole process doesn't end up inflating house prices to the point where the ratio of house price to income worsens...

 

[Greengodess]

I'd agree, it's good that we're seeing lending becoming more available to first time buyers. Lets just hope that the whole process doesn't end up inflating house prices to the point where the ratio of house price to income worsens...

The only lending becoming available is the government offering 20% On new builds of which is paid back with interest.It will not be given as a gift . People are worried about their jobs , property market is doom and gloom except for the rentals market and foreign investors purchasing palaces which are the small minority. Anyone that says otherwise are living out of the reality .

 

[As41lton]

The only lending becoming available is the government offering 20% On new builds of which is paid back with interest.It will not be given as a gift . People are worried about their jobs , property market is doom and gloom except for the rentals market and foreign investors purchasing palaces which are the small minority. Anyone that says otherwise are living out of the reality .

I disagree, for the first time in a long while we're seeing banks starting to offer 90 - 95% mortgages again, I've taken a lot of calls from first time buyers as of recent and had a lot of encouraging conversations...