Business

First-time buyers have been impacted greatly by rate rises, says UK Finance boss

Mortgages handed out to first-time buyers in 2023 was the lowest in a decade

Housing market confidence could get a further boost from the continued freeze on the Bank of England base rate, it has been suggested
Figures released by UK Finance earlier this week showed that the number of mortgages handed out to first-time buyers last year was the lowest since 2013. (Joe Giddens/PA)
By Staff Reporter