Leeds Building Society has revealed first-time buyers accounted for one in three mortgage loans last year.  The lender provided the sector with 4,000 new loans and introduced a mortgage offering 95% of a property's value to help young people get on the housing ladder.

Woolwich Building Society has launched a five-year hybrid mortgage which allows borrowers to gain from a low variable rate tracker today and a fixed rate deal in two years' time.

sources: The Daily Telegraph, Daily Mail

The number of first-time buyers agreeing mortgages increased during December, according to the Council of Mortgage Lenders (CML).  Lates reports found that there were 18,700 home loans for first-time buyers in December, a rise of 7% on November and an increase of 14% on December 2010.

If you are thinking of buying or selling a property come and talk to our Conveyancing department. 

Fiona McArthur

Lesley Curtis