What's a first Time home Buyer LoanWhat is a first home buyer loan?
That £5. bn of new lending per month was 1. 9 per cent down year on year. First time buyer is 30 on an average and has an earning of £41,000. In 2017 there were a total of 365,000 first-time purchasers, the highest number since 2006. That is an annuity of 7.4 percent from 340,000 in 2016.
We had 30,700 new home moving home mortgage loans that were closed in December, about 4. 7% less than in the same months last year. That £6. 6bn of new lending per month was 3 per cent down in the year on year. is 39 and has an incomes of £55,000.
We had 30,500 new Homeowners remort-loans that were closed in December, about 7. 4% more than in the same months last year. That £5. 1bn of remortgaging per month was 8. 3 per cent more than in the previous year. We had 5,300 new Buy to Let (BTL) home buying mortgage deals that were closed in December, about 17.
2% less than in the same months last year. Through value this was 0. 8% of lending in the months, 11. 1% down year on year. New BTL 9,900 remort-loans were concluded in December, about 11. 6% less than in the same months last year.
Through value this was 1. 6% of Lending in the months, 11. 1% down year on year. Paul Smee, Head of Mortgages at UK Finance, commented on the figures as follows: "In 2017, the number of first-time purchasers reached its highest levels in a decade, which is welcome information for those starting out on the house directors.
"However, although the markets remain highly competitive, there is no reason for self-satisfaction as the lower December numbers are in line with our forecasted slow this year. The UK Financial Services is a new trading organisation established on 1 July 2017 to serve the UK financial and industry sector.
Figures presented are taken from the random samples of creditors who report on the overall volume of the mortgage product volume, using the overall volume of mortgage product sales figures provided by the FCA. The principal and interest payments computations comprise only those mortgage loans entered into on a full principal and interest redemption principal base and are determined on the stated maturity, interest rates, loan amounts and earnings for each trade.
Dates for mortgages from prior years are available on demand.