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FTBs account for over £100bn of property sales in 2024 | Today's Conveyancer

Summary by Today's Conveyancer
First time buyers accounted for over £106bn worth of property sales in 2024 after a resurgence of activity in the sector after a fall in numbers in 2021.  Reporting on figures produced by the Financial Conduct Authority (FCA) the Office for National Statistics (ONS) said in 2023 the overall number of new first-time buyer (FTB) mortgages in the UK had fallen to its lowest levels since 2013; around 282,000. But the proportion of FTB mortgages in 2…
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FTBs account for over £100bn of property sales in 2024 | Today's Conveyancer

First time buyers accounted for over £106bn worth of property sales in 2024 after a resurgence of activity in the sector after a fall in numbers in 2021.  Reporting on figures produced by the Financial Conduct Authority (FCA) the Office for National Statistics (ONS) said in 2023 the overall number of new first-time buyer (FTB) mortgages in the UK had fallen to its lowest levels since 2013; around 282,000. But the proportion of FTB mortgages in 2…

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Today's Conveyancer broke the news in on Friday, April 4, 2025.
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