First Time Buyers Market Trends Report 2021

The First Time Mortgage Buyers, Market Trends Report 2021 outlines the broad trends and developments amongst first-time buyers (FTBs), who are defined as consumers who have arranged and taken out a mortgage on the first home they have owned within the last year.   The report focuses on the latest developments and market drivers of the FTB mortgage market, the market size and the future of the market in the coming five years. It focused in particular on the impact of the COVID-19 pandemic on the market.

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Report Highlights

In 2020, IRN Research estimates that FTBs borrowed 7.2% less to purchase their first homes, compared with 2019, mainly due to the impact of COVID-19. In 2020, the number of new mortgages taken out fell by 12.6%, again the decline reflecting the impact of COVID-19 on the market. At the end of December 2020, FTBs collectively owed £289 billion on outstanding mortgages, which represented a 7.1% growth over the amounts owed at the end of 2019.

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Report Features

Type Market Trends Report
Year of Publication 2021 2019
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