Completion rates in first-time buyer mortgage applications rose in 2017

The majority (74%) of mortgage applications via intermediaries for first-time buyers resulted in a completion during Q4 2017, according to the Intermediary Mortgage Lenders Association (IMLA).

Its Mortgage Market Tracker found a significant rise from just a year earlier, where 53% of mortgage applications were completed. In 2017, first-time buyers benefitted more than any other customer group from improving access to mortgage finance.

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Source: Introducer Today