News - Censeo Financial

First time buyers are back! - Censeo Financial

Written by admin | Feb 18, 2013 10:03:09 AM

A report by the Council of Mortgage lenders indicates that first-time buyer numbers reached their highest yearly total in five years in 2012.

The CML said that a total of 216,200 first-time buyers became homeowners in 2012, the first time the annual total has exceeded 200,000 since 2007.

2012 also saw a year-on-year rise of 12% on 2011 when 193,000 loans were advanced.