Increase the number of first-time buyers since Halifax names most of the accessible places

The average price, loan and deposit paid by region for first-time buyers in 2018, according to Halifax data

The number of buyers for the first time in the first half of this year reached its highest level in a decade, according to the data.

Government schemes such as Help to Buy have helped to increase the numbers, along with historically low mortgage agreements, although an increase in interest rates earlier this month could start them heading north.

Buyers for the first time have also received help from the Bank of Mom and Dad on the property ladder, particularly with the financing of a deposit, which normally amounts to £ 33,127 nationwide and at a price of £ 114,952 in London. .

It means that the average deposit for a buyer for the first time has increased by almost £ 5,000 since 2008, above £ 28,335.

The average price, loan and deposit paid by region for first-time buyers in 2018, according to Halifax data

The average price, loan and deposit paid by region for first-time buyers in 2018, according to Halifax data

The most affordable place for first-time buyers has been named in Halifax's research as Pendle in Lancashire

The most affordable place for first-time buyers has been named in Halifax's research as Pendle in Lancashire

The most affordable place for first-time buyers has been named in Halifax's research as Pendle in Lancashire

This two-bedroom house in Nelson, a town in the Pendle district of Lancashire, is on sale for £ 100k through real estate agents Entwistle Green

This two-bedroom house in Nelson, a town in the Pendle district of Lancashire, is on sale for £ 100k through real estate agents Entwistle Green

This two-bedroom house in Nelson, a town in the Pendle district of Lancashire, is on sale for £ 100k through real estate agents Entwistle Green

First-time buyer numbers have risen 21 percent in the last decade, according to Halifax. Your research is based on your own housing data along with the statistics of average income of the Office of national statistics and the data of mortgages and deposits of UK Finance.

The numbers increased around three percent in the first six months of this year to 175,000 compared to 171,200 in the same period in 2017.

It is in sharp contrast to a record low of 72,700, which was in the first six months of 2009 and is now only eight percent lower than at the peak of the last boom in 2006, which saw numbers reach 190,900.

The second most accessible place for first-time buyers has been named as Stirling in Scotland

The second most accessible place for first-time buyers has been named as Stirling in Scotland

The second most accessible place for first-time buyers has been named as Stirling in Scotland

This two-bedroom house in Stirling, Scotland, is for sale for £ 145k through real estate agents £ 145,000

This two-bedroom house in Stirling, Scotland, is for sale for £ 145k through real estate agents £ 145,000

This two-bedroom house in Stirling, Scotland, is for sale for £ 145k through real estate agents £ 145,000

The number of buyers for the first time has increased to 175k, compared to 72,700 in 2009

The number of buyers for the first time has increased to 175k, compared to 72,700 in 2009

The number of buyers for the first time has increased to 175k, compared to 72,700 in 2009

West Dunbartonshire is also named as one of the affordable places for first-time buyers

West Dunbartonshire is also named as one of the affordable places for first-time buyers

West Dunbartonshire is also named as one of the affordable places for first-time buyers

The most accessible areas for first-time buyers are in Scotland, which includes eight of the 10 most accessible local authority districts.

At the other end of the scale, the 10 least accessible local authority districts are in London.

Pendle, Lancashire and Stirling, Scotland are the most accessible areas with average property prices at three times the annual average of gross profits at £ 97,387 and £ 143,148 respectively.

Brent in London is the least affordable, with an average price of £ 478,995 which is 12.7 times the average gross profit.

The fifth most affordable place to buy a property for first-time buyers is North Ayrshire in Scotland, according to Halifax's research.

The fifth most affordable place to buy a property for first-time buyers is North Ayrshire in Scotland, according to Halifax's research.

The fifth most affordable place to buy a property for first-time buyers is North Ayrshire in Scotland, according to Halifax's research.

County Durham is among the 10 most accessible areas for first-time buyers

County Durham is among the 10 most accessible areas for first-time buyers

County Durham is among the 10 most accessible areas for first-time buyers

TEN MORE AFFORDABLE ZONES FOR FIRST TIME BUYERS
District of the local authority Region Average house price (£) Price of the house to the average profit ratio (x)
Pendle northwest 97,387 3
Stirling Scotland 143,148 3
Inverclyde Scotland 100,786 3.1
West Dunbartonshire Scotland 94,658 3.1
North Ayrshire Scotland 100,703 3.1
East Ayrshire Scotland 100,160 3.2
South Ayrshire Scotland 113,851 3.3
Renfrewshire Scotland 114,173 3.4
North Lanarkshire Scotland 106,399 3.4
Durham County Northeast 106,495 3.5
Source: Halifax, ONS
This four-bedroom townhouse in Greenock, in Inverclyde, the third most affordable area for first-time buyers, is on sale for £ 150k through real estate agents Slater Hogg & Howison

This four-bedroom townhouse in Greenock, in Inverclyde, the third most affordable area for first-time buyers, is on sale for £ 150k through real estate agents Slater Hogg & Howison

This four-bedroom townhouse in Greenock, in Inverclyde, the third most affordable area for first-time buyers, is on sale for £ 150k through real estate agents Slater Hogg & Howison

The growth in first-time buyers means that they have increased as a proportion of all buyers buying a property with a mortgage, at 51 percent this year, compared to 38 percent in 2008.

Aid to buy has played an important role in this increase, according to Halifax, who said that participation has recovered since 2013, when the government's scheme was introduced.

The scheme, which can be used with a deposit of only five percent, has helped 128,318 new buyers since its launch.

Brent in London has been named in Halifax research as the least affordable area for first-time buyers

Brent in London has been named in Halifax research as the least affordable area for first-time buyers

Brent in London has been named in Halifax research as the least affordable area for first-time buyers

TEN AFFORDABLE AREAS FOR BUYERS FOR THE FIRST TIME
District of the local authority Region Average house price (£) Price of the house a
Average earnings ratio (x)
Brent London 478,995 12.7
Haringey London 491,880 11.5
Newham London 373,504 11.4
Hillingdon London 395,810 eleven
Hackney London 488,626 10.7
Harrow London 456,624 10.7
Waltham Forest London 405,522 10.4
Ealing London 427,319 10.4
Lambeth London 458,416 10.2
Islington London 562,485 10.1
Source: Halifax, ONS

The sizes of the deposits have increased thanks to the higher prices of the house. The average price paid by a new buyer has increased from £ 172,659 in 2008 to £ 208,741 at present.

The average buyer price for the first time in London has been the one that has increased the most, 48 percent, in the last decade to £ 419,608, followed by the southeast, up 37 percent to £ 210,639.

Relatively modest price increases were observed in the north, an increase of eight percent, and Wales by nine percent.

By contrast, the average buyer price for the first time in Northern Ireland is one third lower than in 2008, 33 percent at £ 124,035 and the lowest in Great Britain.

This two-bedroom house in Clydebank, West Dunbartonshire, the fourth most affordable area for first-time buyers, is for sale for £ 92,995 through real estate agents Caledonia Bureau

This two-bedroom house in Clydebank, West Dunbartonshire, the fourth most affordable area for first-time buyers, is for sale for £ 92,995 through real estate agents Caledonia Bureau

This two-bedroom house in Clydebank, West Dunbartonshire, the fourth most affordable area for first-time buyers, is for sale for £ 92,995 through real estate agents Caledonia Bureau

With higher housing prices and deposits, it may not be surprising that people are older before entering the property ladder.

The average age of a new buyer is now 31, two years more than a decade ago.

The fixed average rate of two years is today at 2.54%, below 6.94% in 2008

In London, it has grown from 31 to 33 since 2008, which is the oldest age in Britain.

Russell Galley, CEO of Halifax, said: "Despite these increases, the number of first-time buyers continues to grow and is almost at the highest level seen in 2006.

"Government measures, such as Help to Buy, and low mortgage interest rates continue to make the purchase more financially attractive than rent, with savings of £ 900 per year."

The Halifax investigation comes a week after the Bank of England raised interest rates from 0.5 percent to 0.75 percent earlier this month.

Many of the big banks have already increased the number of borrowers, including HSBC, Barclays and Nationwide.

However, mortgage rates remain at relatively low levels, with a two-year fixed average rate at 2.54 percent, according to the independent Moneyfacts website. It compares with a typical rate of 6.94 percent in 2008.

This two-bedroom house in Largs, North Ayrshire, the fifth most affordable area for first time buyers, is on sale for £ 110k through Slater Hogg & Howison real estate agents

This two-bedroom house in Largs, North Ayrshire, the fifth most affordable area for first time buyers, is on sale for £ 110k through Slater Hogg & Howison real estate agents

This two-bedroom house in Largs, North Ayrshire, the fifth most affordable area for first time buyers, is on sale for £ 110k through Slater Hogg & Howison real estate agents

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