First-time buyers on the rise as buy-to-let mortgage market falls
The Guardian -

Number of new homeowners rose 8% in May as mortgages for landlords dropped 10%

The number of first-time buyers rose in May while the number taking on new buy-to-let mortgages fell, in a sign that government policies and tax changes are rebalancing the housing market.

There were 32,200 new mortgages completed for first-time buyers over the month, 8.1% more than in May last year. The £5.4bn of new lending was up 12.5%, according to figures from UK Finance, a lobby group for the financial services...


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