https://morningstaronline.co.uk/article/first-time-buyers-fall-lowest-level-decade

CAMPAIGNERS have blasted a lack of regulation in the housing market that leaves people trapped with no choice but to hand over their wages to landlords.

Today’s condemnation came as new figures revealed that the number of first-time buyers had plunged to its lowest level in a decade.

Figures issued by the Yorkshire Building Society showed that the number of first-time buyers in the mortgage market in 2023 stood at 290,000, shrinking by a fifth compared with 2022.

The decrease in first-time buyers followed a string of now-paused interest hikes first made by the Bank of England in December 2021, which pushed up borrowing costs, including mortgages.

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https://morningstaronline.co.uk/article/first-time-buyers-fall-lowest-level-decade