A growing number of starters are removing the uncertainty about the Brexit and stepping onto the home ladder, showing new figures.
Help with buying schemes, stamp duty exemptions and cheap mortgage deals give new buyers the boost they need to get off the ladder on that all-important first sport.
In November, 36,200 new mortgages for new buyers were completed, representing an increase of 5.8 percent from the same point a year earlier, according to UK Finance.
New buyer loans: 36,200 new mortgages for new buyers were completed in November
The average start-up loan in November was £ 142,500 compared to £ 138,000 in November 2017.
The average first-time buyer is 30 years old and has a gross household income of £ 42,000.
Although the number of first-time buyers shows encouraging signs of growth, the buy-to-let market remains subdued & # 39 ;.
Saddled with higher stamp duties and regulatory burdens, the number of mortgage loans that were taken out and sold to landlords came to buy 6,100 properties in November 2009, down 9% on a year earlier.
Per value this was £ 800 million in loans in the month, 11.1 percent lower than a year ago.
In the buy-to-let remortgaging sector, however, 15,000 new buy-to-let re mortgages were completed, which is 9.5 percent more than the same month a year earlier.
In June official figures confirmed that landlords unload 3,800 homes per month, leading to the first drop in the number of available rental properties in 18 years.
Jackie Bennett, director of mortgages at UK Finance, said: "A mix of competitive deals and arrangements, including Help to Buy, ensured that even more new buyers got a foot on the home ladder in November.
Meanwhile, the remortgaging activity of homeowners has stagnated, after reaching the highest level in a decade last month, when a large number of deals with a fixed rate came to an end.
& # 39; In the buy-to-let market, new home purchases remain subdued, while remortgaging continues to grow as landlords keep attractive rates down. & # 39;
Although current market conditions may be fruitful for novice buyers, a survey by The Royal Institution of Chartered Surveyors today warned that land surveyors' expectations for home sales in the coming months are the worst for 20 years.
The Rics stated that, as well as the uncertainty of the Brexit, domestic issues related to lack of supply and affordability continue to hamper the market.
The sales forecasts for the next three months were the lowest since the 1999 survey began, with a balance of -28 percent – the difference between the number of respondents anticipating increases and the number of expected declines.
How much? The average loan of starters in November was £ 142,500
Boost: Help-to-Buy schemes and stamp duty exemptions help support the market for first-time buyers
Jeremy Leaf, a broker in North London, and a former president of the RICS residence, responded to today's figures, saying: "Buyers who buy for the first time, dive into the water, encouraged by affordability to improve, reduce competition for smaller buildings against tax, and buy-to-let investors affected by regulations, some attractive mortgage deals and more stable employment prospects.
& # 39; There is a lot of talk about the Brexit, but we notice that it is still a major concern for London / Southeast among home buyers.
& # 39; In other countries, affordability is just as important when it comes to buyers and sellers making decisions that are at home in motion. The activity is likely to remain subdued before we leave the EU in any other way – and immediately thereafter, taking into account the post-implementation period. & # 39;
Charts: UK finance charts that show credit patterns over time within the UK
Dilpreet Bhagrath, a mortgage expert at Trussle, said: & # 39; These figures show that the uncertainty of Brexit has not prevented starters on the housing ladder from having a chance to get a foothold. The reality is that good deals are available and many first-time buyers benefit from schemes such as Help to Buy.
• Meanwhile, remortgaging is delayed, month by month, suggesting that homeowners have a & # 39; wait & # 39; approach when we approached the Brexit.
However, it is worth remembering that these figures relate to November, well before the uncertainty reached its peak, coupled with recent votes in Parliament. That is why in the coming months we expect a new increase in remortgaging, because many homeowners want to take out fixed deals in order to prevent instability in their mortgage payments. & # 39;
Shaun Church, Director at Private Finance, said: & # 39; The first time the buyers' market is finally growing. With loans of £ 6 billion being provided to start-ups in November alone, the message is clear and clear that lenders want to offer mortgages to potential homeowners. & # 39;
Meanwhile, Jonathan Harris, director of mortgage broker Anderson Harris, said: "Some buyers are of the opinion that the Brexit uncertainty means that sellers will accept an offer they might not have accepted a while ago, so for those who are cash buyers , without a chain or simply having their financing in line, there are some buying options out there.
Buy-to-let remains subdued, although landlords can rebid cannabis and save costs where they can.
The mortgage rate is still competitive, with a number of tempting rates for borrowers in both the residential and the buy-to-let areas. & # 39;