Mortgages

First Time Buyer Mortgages – The Facts…

Demand from first-time buyers is still going strong. The Help-to-Buy mortgage guarantee scheme may have come to an end, but that hasn’t dampened activity among first-time buyers.

Instead, demand seems to be escalating, with figures from Yorkshire Building Society revealing a definite spike for high loan-to-value (LTV) mortgages in January, as increasing numbers sought to get on the housing ladder. The mutual saw demand for 95% LTV mortgages rise by a whopping 91% year-on-year in January, suggesting that more were able to pull together a 5% deposit to take that first step.

Blog By Joanne Osborne of Scarlett Financial Services