First time buyers increase as number of remortgages slows

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Savills has estimated that the number of buy-to-let mortgages issued will fall just over a quarter between 2017 and 2022, while the number for first-time buyers will increase 6 per cent.

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There were 4,080 new first time buyer mortgages completed in Wales in the second quarter of 2019, up 6.3% compared to the same period of 2018 and 3,650 new home mover mortgages, a rise of 1.7%. The data also shows that there were 4,870 new home owner remortgages completed in Wales in the second quarter of 2019, some 7.7% more than in the same.

But the total number of existing-home sales for all of 2014–4.93 million–represents a drop from 2013’s annual 5.09 million. The slow. into home buyers. In addition to the slower sales pace.

Rise in Remortgages. Latest research shows that remortgages has risen by 35% which is highest tits ever been since 2009. This may slow down as affordability is set to tighten. You can read the full article published in Property Reporter. By Clicking the above link(s), you will be departing from the regulated site of The Mortgage Choice.

In the Q4 2016 report it states that 39% of all mortgages handled by advisers between October and December were remortgages, representing an increase of 7% on Q1. First time buyers, despite a 2% decline in Q4 2016, account for 18% of mortgages handled.

There are a number of surveys available, and costs vary depending on which type you want. Some of our first time buyer mortgage deals offer a free HomeFact condition report (provided by Countrywide Surveying Services). Available when you apply in branch or by phone (not available online or on new build properties).

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The number of first-time buyers in the UK reached its highest level in 12 years, underlining the impact of government incentives such as Help to Buy on an otherwise sluggish property market.

While the number of mortgages issued has fallen, indicating a slowing housing market, numbers of remortgages are up, as homeowners try to lock in rates amidst economic and political uncertainty. info@cfnuk.com. 03303 112 646 incl. mobile call allowance.

In the Q4 2016 report it states that 39% of all mortgages handled by advisers between October and December were remortgages, representing an increase of 7% on Q1. First time buyers, despite a 2% decline in Q4 2016, account for 18% of mortgages handled.