The number of first-time buyers across the UK has reached the highest level since 2007.
The number of first-time buyers in the UK is thought to be at the highest level for 12 years, according to a report by Yorkshire Building Society.
Last year saw 353,400 people get onto the property ladder across the UK, which is the most since just before the start of the financial crisis in 2007.
The building society used mortgage data from trade association UK Finance up to October 2019, alongside estimates for November and December, to calculate the total number of first-time buyers in 2019.
Nearly twice as many first-time buyers secured a mortgage last year as at the start of 2008, with those entering the property market now accounting for more than half of homes purchased with a mortgage.
Using schemes such as Help to Buy, along with the Stamp Duty relief introduced in late 2017, first-time buyers in the capital have found more affordable homes in outer boroughs, where there has been an influx of new homes-building, as well as wider investment in infrastructure.
https://www.homesandproperty.co.uk/property-news/uk-property-market-homes-first-time-buyer-a135771.html