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First-time buyer numbers are rising, says surveyor

Publié par Clifford Armion le 13/05/2011

Jill Insley

"More first-time buyers are purchasing homes, latest figures suggest, with 27% of all mortgage approvals in April being for properties costing less than £125,000.

"The figure is 7% higher than the same month in 2010, and 79% of all approvals were for properties costing less than £250,000, up from 71% in April 2010, according to e.surv, a firm responsible for 40% of house valuations in the UK.

"It says the data shows that lenders are beginning to offer higher loan-to-value (LTV) ratio mortgages, with the average LTV for properties under £125,000 standing at 68% in April, compared to 64% for the same month in 2010. Purchase volumes increased in the 85%-90% LTV bracket at almost three times the pace of the rest of the market."

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Pour citer cette ressource :

"First-time buyer numbers are rising, says surveyor", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), mai 2011. Consulté le 22/04/2021. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/first-time-buyer-numbers-are-rising-says-surveyor