RECENT STATISTICS REVEAL THAT FIRST TIME BUYERS RECEIVED THE MOST MORTGAGES IN MARCH
According to recent statistics by the Council of Mortgage Lenders (CML), “First-time buyers received the most mortgages in March this year than any period for ten years”, Inside Housing, reports.
The published sector data reveals the following:
31,500 loans were handed to first-time home buyers in March, up 12% from the same month in 2016; the highest March total since 2007
First-time homeowners borrowed up to £4.9bn in March, up 9% on the same month in 2016
Re-mortgage activity was up by 22% in March 2016
Director General of the CML, Paul Smee, said:
“Comparing this March to last year is misleading because of the peak in activity before the stamp duty changes last spring.
“Overall, lending trends have remained reasonably consistent. The relatively sluggish activity among home movers stands in contrast to the growth in first-time buyer and remortgage activity, but in aggregate the market is showing broadly the levels of activity we expected.
Introduction The National Statement of Expectations for Supported Housing (NSE) was finally published on 20 October 2020, five years after the 2015 Comprehensive Spending Review suggested regulatory and oversight changes were needed, although in 2018 the government >>>
Support Solutions 5th National Housing Support & Social Care Conference 2014
Good organisation from beginning to end. Excellent keynote speaker. Relevant and important topics for discussion which were to everyone's advantage within the supported housing sector.
B.H - Stevenage Haven