Tuesday, August 11, 2009

BBC NEWS | Business | Loans to homebuyers '23% higher' UK Property Market Starting to Boom?

The number of mortgages for homebuyers granted in June rose by 23% compared with May, according to UK lenders.
BBC NEWS | Business | Loans to homebuyers '23% higher'

First-time buyers - who on average get onto the property ladder at the age of 28, according to the CML - were granted 17,200 loans in June, worth £1.9bn. This was up 26% on the number given out the previous month.

The figure was 7% lower than a year earlier, when the average first-time buyer put down a deposit of 13% compared with a deposit of 25% in June.

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