Tag: mortgages


05

Nov 2021

35 million homeowners

19.2 million homes in owner occupation There are around 35 million homeowners in the UK, owning 19.2 million homes. Homeowner split into outright owners who own their homes without a mortgage and those buying their home with a mortgage (mortgagees). 51% of owner occupied homes are owned by outright owners and 49% by mortgagees. Compared with outright owners, those buying with a mortgage are more...

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18

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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13

Aug 2021

BTL gross mortgage lending falls by 12% in 2020 under the impact of COVID-19

Buy to let mortgage market under COVID-19 The IRN Research Report Targeting Buy-to-Let Landlords 2021 found that gross BLT mortgage lending declined by almost 12% in 2020. Recent legislative and tax changes have had a negative impact on the BTL market from 2016 onwards and these negative forces were compounded in 2020 by the COVID-19 pandemic. However, the market is expected to see a recovery...

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14

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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