Propertymark response to Halifax findings of almost two thirds of first-time buyers teaming up to get on property ladder

Nathan Emerson, CEO at Propertymark, said:

“It is encouraging to see that the economic turbulence of the last three years has not stopped first-time buyers from purchasing over half of all home loans. However, housing still needs to be more affordable for all and for that to happen, the UK Government must place realistic and focused measures in place to meet its target of building 300,000 new homes a year in England. We are also hopeful that inflation starts to drop soon which will ease the additional financial pressure homeowners have been facing, making it easier to move home and secure a better mortgage deal.”