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The number of customers who first jumped in the UK last year by almost 20 percent and made up a record share of new mortgage on home houses, according to a study indicating the impact of alleviating the borrowing costs.
About 341,068 First purchase They were made in 2024, which is 19 percent compared to 2023, said the Halifax lender on Friday, after two years of contraction. The data is based on the financing data of UK -mortgage transactions.
Customers who first made up 54 percent of all the purchase of assets that include a mortgage, which is the highest share since comparable data collection began in 2014, Halifax said.
He added that many buyers who first bought “together”, with almost two -thirds of mortgage endings among this group last year made in two or more names.
Amanda Bryden, the Mortal of Mortality in Halifax, said the jump of the first purchase probably reflected “improvement of the mortgage accessibility, because interest rates also made it stabilized and stabilized, providing greater security for those who enter the ladder.”
The mortgage rates fell from the peak in the summer of 2023. After the fall of the Bank of England interest rate, which led to a decrease in monthly payments.
Barclays and Santander announced their mortgage products on Thursday Prices below 4 percent For the first time since November, and Boe is expected to reduce its reference rate this year.
Toby Leek, President of Naea Propertymark, who speaks for real estate agents, said the increase in the number of first customers was “positive”, but added that the figure was probably intensified by the end of March in March.
“In order to bring people across the country to the residential ladders in the long run, we must start seeing more homes of all kinds and mandates that are being built to demolish house prices,” he said.
Despite the fall of the mortgage rate, Halifax reported on serious accessibility challenges, with a typical new buyer in 2024. He had to put a deposit of £ 61,090, about £ 7,500 more than the previous year.
In London, where the average house costs £ 512,000, and the demand for housing is a particularly acute, typical customer deposit has reached £ 125,000.
The average cost of a customer home that was first in the UK was £ 311,034 in 2024, which is 8 percent compared to the previous year, and the average buyer who was first 33 last year, which is the highest age in the last two decades, Halifax said.
In the financial year until March 2024, 31 percent of customers said for the first time that family and friends offered “some help” with the deposit, which was 22 percent in the mid-1990s, according to separate data from the construction company across the country.
Another 9 percent of customers’ deposits are provided by inheritance for the first time.
