First-time buyers dominate new mortgage approvals
First-time buyers make up almost 60% of new mortgage approvals, showing there is still ‘massive demand’ to buy a home, writes Christian McCashin. Of almost 5,700 mortgages approved by banks and other lenders in May, first-time buyers were approved for 3,361. Mover-purchasers accounted for 1,044, just over 18%, and the balance was mostly made up […]
