First Time Buyers at Highest Level in Leeds since 2007

First Time Buyers at Highest Level since 2007 | Mortgage Broker in Leeds

Will First-Time Buyers in Leeds Continue to Rise?

Statistics provided by UK Finance showed from June 2019 the overhaul numbers of First Time-Buyers are still increasing. The numbers are matching the numbers back when they were at their highest in 2007, before the credit crunch.

External economic factors such as Brexit has less likely to discourage First Timer Buyers than Home Movers, reasons being Home movers are rarely 100% certain that they ought to move, so when you add in extra factors such as political uncertainty it’s unnatural for them to say, “Let’s just wait and see what happens”.

Things are more apparent for First Time Buyers. The hardest bit if the deposit but if this is available then the choices are clear, they can either:

  • Continue living with parents
  • Rent a property
  • Buy a property

Most of our customers go down the more popular route of buying their home.

Increase in First-Time Buyers

The number of First-Time Buyers in Leeds has increased by over 130% when reviewing statistics from the past ten years. 95% options are now available and access to Help to Buy Equity Loan Mortgages.

Over half of all homes purchased with a mortgage are by First Time Buyers with the remainder built up from Home Movers and Buy to Let Investors. The last time the first-time buyers had more than 50% of market share was in 1995 when only a small number of Buy-to-Lets in Leeds were taking place.

The percentage of first-time buyers has been rising nicely for almost 20 years as the UK’s love affair with the property market stays as strong as ever.

In terms of value, homes in the North East of England are amongst the lowest. The average sits currently just shy of £140,000.

All Round Mortgage Advice in Leeds

We have found that First Time Buyers value advice from a Mortgage Broker. It’s not merely about finding the cheapest deal for them. They appreciate having their hands held throughout the full process of buying their first home. They want the jargon explained, advice on how to make an offer, what protection insurance to buy, what survey to go for and a hundred other questions answering.

How Can A Mortgage Advisor in Leeds help you?

We love helping First Time Buyers in Leeds achieve their goals, and we’d love to hear from you if you think you’d benefit from a Free Mortgage Consultation. Having a reputable Mortgage Advisor in Leeds on your side may prove beneficial so feel free to get in touch.

Our Mortgage Advisors in Leeds have worked with many customers in all situations. Using our in-depth knowledge of lending criteria and experience providing Expert Mortgage Advice in Leeds.


Malcolm's
mortgage guides









What Does Remortgage in Leeds Mean?

Taking a look at what remortgage in Leeds means, what defines a remortgage in Leeds & the reasons that people may remortgage in Leeds.









Do You Need a Deposit to Remortgage in Leeds?

A look at whether or not you need a deposit if you are looking to take out a remortgage in Leeds on your property and what to consider.

Leedsmoneyman.com & Leedsmoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.

Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk

The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Should you have cause to complain and you are not satisfied with our response to your complaint, you may be able to refer it
to the Financial Ombudsman Service, which can be contacted as follows

The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
www.financial-ombudsman.org.uk

© 2023 Leedsmoneyman

Leedsmoneyman, Wizu Workspace, 32 Park Cross Street, Leeds, LS1 2QH.

Moneyman Logo







Moneyman Logo




Moneyman Logo

Ask Your Question





    Moneyman Logo

    Moneyman Logo







    Moneyman Logo

    Book your Free Consultation

    7 Days 8am - 10pm

    Moneyman Logo

    Moneyman Logo