High activity from first-time buyers
Record-high property prices have done little to dampen first-time buyers’ desire to step onto the property ladder, with FTBs lengthening the average mortgage term they take on to access the market, according to Cornerstone.
Why do you believe activity levels have remained high despite conditions?
How will lengthening average mortgage terms to access the property ladder impact the market?
What is the long term outlook of the market?