first time buyers

2.2m first-time buyers have failed to get on the property ladder since the financial crisis

1st May 2025 Consumer Lending | #first time buyers

A new report from the Building Societies Association (BSA) has found that a significant number of potential first-time buyers have failed to get on the property ladder since the financial crisis. Analysis of historic first-time buyer data shows that around 7.2 million individuals or couples would have been expected to buy their first home since…

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Mortgage reforms excluding first-time buyers

5th March 2024 Consumer Lending | #first time buyers#mortgages

Mortgage reforms introduced after the 2008 banking crisis have ’tilted too far’ in support of financial stability, according to a report commissioned by the Building Societies Association (BSA). The report is calling for an overhaul of affordability and repayment rules, which have led to a decline in first-time buyer mortgages. The BSA is pushing for…

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First-time buyers numbers fell by 11% last year

26th January 2023 Consumer Lending | #first time buyers

The number of first-time buyers fell by 11%, to 362,461, in 2022 compared to the year prior, according to new analysis from Halifax. However, first-time buyer levels remained higher than pre-pandemic, with the number getting on the housing ladder in 2022 higher than any previous year, other than in 2006 and 2021’s record spike. In…

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