At Dataloft we like to get to the heart of the matter and understand the true story behind the numbers. What is rental affordability like in different areas? How old are tenants? Which profession do they work? How far do tenants typically move when they change address?
There are more first-time buyers (FTBs) finding a way to get a foot on the property ladder than at any time since the Global Financial Crisis in 2008. Since 2011, the number of loans to this group has risen by over 75% and, in the last year alone, over 339,000 loans were issued to FTBs, according to the Council of Mortgage Lenders.