Belfast Telegraph

Property Ladder: Rise in first-time buyers

June 2011 saw the highest number of first-time buyer (FTB) mortgages awarded since August 2010, according to latest figures from the Council of Mortgage Lenders (CML).

Around £2.2 billion was loaned to FTBs, with this number representing a 24% increase in volume since May 2011.

However, the actual number of FTBs was exactly the same as in August last year, but eight per cent lower in volume and value than in June 2010.

Belfast Telegraph

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