Thursday, March 6, 2008
First time buyers mortgage applications ‘bounced back’ in February – Charcol
First time buyers bounced back, and made up 10% of mortgage applicants this month, as they took advantage of the last of the high loan-to-value deals. This more than doubled the 4.5% of buyers that were first-timers in January. Remortgages for Buy-to-lets were up in February compared to January, but new purchases for Buy-to-lets remained low. Fewer than 1% of borrowers took mortgages above 100% in February, and they will be the last.