The latest data and analysis from UK Finance has revealed that mortgage lending for first-time buyers, home movers and remortgagors all saw an increase during February when compared to the previous year. Total homeowner purchases, which combine both home movers and first-time buyers, reached 50,000, the highest level for February since 2007. This morning’s figures show that there were 25,200 first-time buyer mortgages completed in February 2018, some 2.4% more than in the same month a year earlier. The £4bn of new lending in the month was 2.6 per cent more year-on-year. The average first-time buyer is 30 with a gross household income of £41,000. There were 24,800 home mover mortgages completed in the month, the […]