mortgage length

Average first-time buyer mortgage term is now 31 years

3rd June 2025 Consumer Lending | #borrowing #mortgage length

New data from UK Finance has shown that the average first-time buyer mortgage term is now 31 years. The data also showed that mortgage lending surged in the first quarter of 2025 (Q1), driven by homebuyers seeking to complete purchases before changes to Stamp Duty took effect in April. Mortgage completions rose sharply in the first…

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mortgage length

Average first-time buyer mortgage term is now 31 years

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