First Time Buyer Mortgages in London Soar by 71% in Last Five Years

Lloyds Bank has revealed the sharp rise in the average mortgage loan granted to first-time buyers purchasing properties in London in recent years. In 2012, the average amount borrowed was £185,538. Fast-forward to 2017, and the figure has shot up to £317,253. That is an average increase of £131,715, or 71% over just five years. […]