Tag: first time buyers


Oct 2021

Seven-in-ten FTBs impacted by COVID

67% of FTB buyers feel the effects of the pandemic IRN Research have just published the First Time Buyer Mortgage Customer Journey Report 2021. This shows that 67% of first-time buyers (FTBs) who purchased their homes during the COVID years of 2020 and 2021 were impacted by COVID. COVID generally reduced home buying activity among FTBs, with the main negative effects coming at the start...

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Jul 2021

Gross mortgage lending to FTBs falls by 7% in 2020

Number of new mortgages taken our down by almost 13% COVID-19 has had a major impact on the market in 2020/21, deterring some FTBs from buying a home but also leading the Government to introduce a Stamp Duty holiday, which encouraged strong buying demand ahead of the ending of the holiday. In 2020, IRN Research estimates that first time home buyers (FTBs) borrowed 7.2% less...

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