First Time Buyer Numbers Higher

Thu, 16 Feb 2006

First time buyer numbers are greater than previously considered.

The Council of Mortgage Lenders (CML) declares that the numbers of first time buyers are higher that they initially thought and that the first time buyers are younger than they thought.

Its recent mortgage survey shows that first-time buyers comprised 38% of people moving home during October to December 2005, with an average age of 29.

The new data covers 90% of the mortgage market.

There has not necessarily been an increase in first-time buyers, it is that the previous measuring system under represented them.

Moreover, fixed rate mortgages too appear to have gone up dramatically, with such mortgages counting for 76% of all mortgages lent during October to December 2005, up from 68% in the third quarter and just 56% in the second quarter.

Related Estate Agents articles

House Sales Fall To Three A Month For Welsh Estate Agents - Wed, 12 Nov 2008

First Time Buyer Purchases On The Up - Wed, 05 Nov 2008

Buyers market now say estate agents - Fri, 31 Oct 2008

Property Website To Make 20 Per Cent Of Workforce Redundant - Wed, 29 Oct 2008

Estate agents walking a fine line - Fri, 24 Oct 2008

Increase In Property Enquiries Reported - Wed, 22 Oct 2008

London Property Prices Down 20 Per Cent - Wed, 15 Oct 2008

Dramatic Changes Lie Ahead For Estate Agency Profession - Thu, 09 Oct 2008

Decline In House Prices Recorded For 12th Month In A Row - Wed, 01 Oct 2008

Ombudsman scheme covers 90 per cent of estate agents - Fri, 26 Sep 2008

More news...

Recommended links

First Time Buyers are Being Milked
First TIme Buyers are Back
Guide to First Time Mortgages
Click here to make an enquiry for a first time mortgage

Link to this page

Copy and Paste the following HTML into your page.<a href="http://www.estateagents.co.uk/News/2006/Feb/first-time-buyer-numbers-higher.html" title="First Time Buyer Numbers Higher">First Time Buyer Numbers Higher</a>