The first-time buyer average mortgage increased across all regions in the United Kingdom in 2023. London had the largest average mortgage size at over ******* British pounds. This was because it was also the region with the most expensive hosing.

The average loan-to-value (LTV) ratio for first-time buyers (FTBs) remained relatively stable from 2017 to 2023. In 2017, the LTV stood at 79.7 percent, meaning that the average first-time buyer mortgage loan amounted to almost 80 percent of the total house price. The highest LTV ratio was observed in 2020 at 81.9 percent, followed by a decline in the following years to approximately 80.2 percent in 2022 and 80.3 percent in 2023. Meanwhile, loans to second and subsequent borrowers had a notably lower LTV ratio.

The average mortgage loan amount for first-time buyers (FTBs) in Ireland increased by more than ****** euros in 2023. Since 2017, the average loan size has increased year-on-year. In 2023, Irish first-time homebuyers took out mortgage loans averaging ******* euros. In 2017, that figure stood out at about ******* euros. Meanwhile, second and subsequent buyers took out much larger loans, on average.

Mortgage Rate: Average: First Time Buyer: Gansu: Lanzhou data was reported at 5.280 % pa in Jun 2021. This records an increase from the previous number of 5.260 % pa for May 2021. Mortgage Rate: Average: First Time Buyer: Gansu: Lanzhou data is updated monthly, averaging 5.260 % pa from Apr 2021 (Median) to Jun 2021, with 3 observations. The data reached an all-time high of 5.280 % pa in Jun 2021 and a record low of 5.260 % pa in May 2021. Mortgage Rate: Average: First Time Buyer: Gansu: Lanzhou data remains active status in CEIC and is reported by Rong 360 BigData Research Institute. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MA: Rediscount and Lending Rate: Mortgage. contact us
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The average loan term for first-time buyers (FTBs) in Ireland increased slightly between 2017 and 2023. In 2017, the average loan term stood at **** years, and in 2023, it increased to ***** years. Meanwhile, the average term of mortgages to second and subsequent borrowers was notably shorter.

12-month history of average fixed mortgage rates for first-time buyers, segmented by LTV band.

This dataset contains quarterly median loan to value ratios for first time buyers in England.

This dataset contains quarterly median loan to value ratios for first time buyers in England. The data is owned by the Council of Mortgage Lenders (CML) and permission has been given to publish to ODC.

Most mortgages for recent first-time buyers in England had a loan term of over 30 years in 2024. Nevertheless, the share of mortgages with a loan duration of over 30 years decreased from **** percent in 2022 to **** percent in 2024. Additionally, mortgages with a shorter duration of up to 19 years became slightly more common.

New Mortgage Lending Statistics. Published by Central Bank of Ireland. Available under the license Creative Commons Attribution 4.0 (CC-BY-4.0).These data relate to new mortgage lending on residential property in Ireland on an annual basis. Data relates to those institutions [(banks and non-bank mortgage lenders)] who issue at least €50 million of new mortgage lending in a six-month period and are subsequently required to submit loan-level information to the Central Bank for the purposes of the macroprudential mortgage measures. The value and volume of new lending is provided, by borrower type, along with the distribution of lending by Loan-to-value and Loan-to-income ratio. Average characteristics are also provided. These data do not constitute official statistics. These data are published to support transparency and understanding of market developments....

In December 2024, the value of mortgage lending to owner-occupier borrowers (excluding first-home buyers) in New Zealand amounted to around 4.73 billion New Zealand dollars. Residential lending to investors was approximately 1.69 billion New Zealand dollars in comparison. Housing affordability in New Zealand Many people across New Zealand have discarded the homeownership dream due to the country’s unaffordable housing supply. While average residential house prices fell across some of New Zealand’s regions in 2024, first-home buyers are still largely priced out of the market due to high mortgage repayments, interest rates, and average home deposit values. The monthly residential mortgage lending value to first-home buyers in New Zealand in December 2024 came to around 1.6 billion New Zealand dollars, marking a slight rise from the previous month. The highest monthly value of mortgage lending to first-home buyers across the country was recorded in March 2021, during a year when average residential mortgage rates were at their lowest. Where are residential mortgage interest rates heading? According to a survey conducted in May 2023, rising interest rates were the leading property market concern among New Zealanders, with over 54 percent of respondents expressing their concern. New Zealand’s average new residential mortgage interest rates were at their lowest in 2021 but have inflated greatly over the past few years. In June 2021, the average 1-year fixed interest rate for a new standard residential mortgage in New Zealand was at 3.17 percent, with this rate rising to over 7.7 percent by December 2023. Nonetheless, mortgage rates showed signs of leveling out at the end of 2023, and began declining in 2024.

The average age of first-time buyers (FTBs) in Ireland increased by 1.4 years between 2017 and 2023. In 2017, the average age of first-time homebuyers was 33.9 years. In 2023, the average homebuyer was 35.3 years old. During the same period, the age of second and subsequent borrowers experienced slightly less variation.

This data set contains Help to Buy: Equity Loan statistics at local authority level and includes total equity loans and equity loans to first time buyers . For data released from 5 March 2015 onwards, the Homes and Community Agency (HCA) have revised the completion date for the entire Help to Buy Equity Loan time series. The HCA have stopped counting payment date (when the money out is paid out by the HCA) and now report on the expected actual completion date. It is more accurate and is closer to the live situation, especially when HCA now recognise an asset based on a completion, rather than exchange and approved claim. As a result (and due to reinstating accounts) HCA have seen movement of actual completions dates. There should not be this level of difference moving forward, it was a one off activity. The figures cover the launch of the scheme on 1 April 2013 until 30 September 2016.

Information on the allocation of completed sales to postcode sectors is derived using the latest available information on the full postcode for each scheme, which may be subject to revision.

For sales before 31 March 2014, properties are included under the local authority district to which they were initially allocated. In some cases, this differs from latest information, which forms the basis of the first column of local authority district figures. Figures for some local authorities may be subject to revisions later in the year.

Although local authority information is validated against other geographic data at the time of data entry, detailed reconciliation of the data, conducted twice a year, may result in a small number of changes to these monthly releases, for example where a new development crosses a local authority boundary.

An equity loan is Government financial assistance given to eligible applicants to purchase an eligible home through a Government equity mortgage secured on the home. The Government equity mortgage is ranked second in priority behind an owner’s main mortgage lender.

This scheme offers up to 20 per cent of the value as Government assistance to purchasers buying a new build home. The buyer must provide a cash deposit of at least 5 per cent and a main mortgage lender must provide a loan of at least 75 per cent.

The Government assistance to buy is made through an equity loan made by the Homes and Communities Agency (HCA) to the purchaser.

Help to Buy equity loans are only available on new build homes and the maximum purchase price is £600,000. Equity loan assistance for purchasers is paid via house builders registered with the HCA to participate in the Help to Buy equity loan initiative. The payment is made to builders (via solicitors) at purchaser legal completion.

The equity loan is provided without fees for the first five years of ownership.

The property title is held by the home owner who can therefore sell their home at any time and upon sale should provide the government the value of the same equity share of the property when it is sold.

For further information see
Help to Buy (equity loan) scheme monthly statistics.

Description: This metric examines how affordable the average First Time Buyer (FTB) priced property would be for a couple earning the average FTB disposable income by NUTS 2 Region, NUTS 3 Region and County, for each year between 2016 and 2021, with this ratio expressed as a percentage (i.e. average monthly mortgage repayment due on the average FTB priced property as a percentage of the average monthly disposable income of an FTB couple). This percentage should be compared relative to the standard affordability mark of 30% (i.e. housing costs should be below 30% of a household’s disposable income). For example, in the attached excel file, the data shows that the Border recorded an Average Mortgage Repayment to Disposable Income Ratio for First Time Buyers of 17.1% in 2021, which was below the standard affordability mark of 30%. This implies that a FTB couple from the Border – on average disposable income levels in the Border and adjusted to reflect incomes of people aged 40 or below in the Border – would only typically have to pay 17.1% of their joint monthly disposable income on their mortgage instalments on the average priced FTB property in the Border. In contrast, the corresponding ratio for Dublin and the Mid-East is 35% and 31.5%, which are both above the standard affordability mark and show that housing for FTBs – on average – is relatively unaffordable in these areas.Basic Calculations = (Average mortgage repayment on average FTB priced property / Average disposable income of a couple under the age of 40).For full detail on the methodology for the development of this ratio please see the RDM FAQ section.This ratio has been developed by the Regional Economist at the three Regional Assemblies and is primarily based on the CSO County Income and Regional GDP as well as the CSO Regional Property Price Index.Geography available in RDM: State, Regional Assembly and Strategic Planning Area (SPA), County (26).Source: Regional AssembliesWeblink: n/aDate of last source data update: April 2023Update Schedule: Annual

Residential Mortgage Loan Market Outlook

The global residential mortgage loan market size was valued at approximately USD 15 trillion in 2023 and is projected to reach around USD 25 trillion by 2032, growing at a compound annual growth rate (CAGR) of 6.1% over the forecast period. The primary growth drivers for this market include increasing urbanization, rising disposable incomes, and favorable government policies aimed at promoting home ownership.

One of the most significant factors contributing to the growth of the residential mortgage loan market is urbanization. As more people move to urban areas in search of better opportunities and living conditions, the demand for residential properties has surged. This urban migration has led to a corresponding increase in the demand for mortgage loans, as individuals seek financial assistance to purchase homes. Additionally, the trend of nuclear families is gaining traction, further boosting the demand for residential properties and, consequently, mortgage loans.

Rising disposable incomes and improved economic conditions have also played a crucial role in the expansion of the residential mortgage loan market. As people earn more, they are more likely to invest in real estate, viewing homeownership as a long-term investment and a means of financial security. Furthermore, low-interest rates on mortgage loans, driven by monetary policies of various countries, have made borrowing more affordable, encouraging more people to take out mortgage loans.

Government policies and initiatives aimed at promoting homeownership have significantly fueled the growth of the residential mortgage loan market. Many countries offer tax incentives, subsidies, and lower interest rates for first-time homebuyers and low-income groups. Such policies are designed to make homeownership more accessible and affordable, driving the demand for mortgage loans. Additionally, governments are increasingly collaborating with financial institutions to provide affordable housing solutions, further stimulating market growth.

On a regional level, North America and Europe have traditionally dominated the residential mortgage loan market due to their mature real estate markets and high homeownership rates. However, emerging economies in the Asia Pacific and Latin America regions are witnessing rapid growth in this sector. Factors such as increasing population, urbanization, and rising middle-class incomes are driving the demand for residential mortgage loans in these regions. Moreover, favorable government policies and a growing number of financial institutions offering mortgage products are further contributing to market expansion.

Type Analysis

The residential mortgage loan market is segmented by type into fixed-rate mortgages, adjustable-rate mortgages, interest-only mortgages, and others. Fixed-rate mortgages are the most popular type, owing to their stability and predictability. Borrowers prefer fixed-rate mortgages because they offer a consistent monthly payment plan, making it easier for them to budget and plan their finances. This stability is particularly appealing during times of economic uncertainty or fluctuating interest rates.

Adjustable-rate mortgages (ARMs), on the other hand, offer lower initial interest rates compared to fixed-rate mortgages. However, the rate can fluctuate based on market conditions, which can either be an advantage or a risk for borrowers. ARMs are often chosen by those who plan to sell or refinance their homes before the adjustable period begins. This type of mortgage is popular among borrowers who are willing to take a risk for the potential benefit of lower initial costs.

Interest-only mortgages allow borrowers to pay only the interest on the loan for a specified period, usually between five to ten years. After this period, the borrower must start paying both the principal and the interest, resulting in higher monthly payments. Interest-only mortgages are typically utilized by investors or those expecting a significant increase in income in the future. This type allows for lower initial payments, providing greater cash flow flexibility in the short term.

The 'Others' category includes various specialized mortgage products tailored to meet specific borrower needs. These can include reverse mortgages, which allow seniors to convert part of their home equity into cash, and jumbo loans, which cater to borrowers looking to finance luxury homes that exceed conforming loan limits. The diversity in mortgage types ensures that there are suitab

Analysis of ‘ Zillow Housing Aspirations Report’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://www.kaggle.com/yamqwe/zillow-housing-aspirations-reporte on 13 February 2022.

--- Dataset description provided by original source is as follows ---

About this dataset

Additional Data Products

Product: Zillow Housing Aspirations Report

Date: April 2017

Definitions

Home Types and Housing Stock

• All Homes: Zillow defines all homes as single-family, condominium and co-operative homes with a county record. Unless specified, all series cover this segment of the housing stock.
• Condo/Co-op: Condominium and co-operative homes.
• Multifamily 5+ units: Units in buildings with 5 or more housing units, that are not a condominiums or co-ops.
• Duplex/Triplex: Housing units in buildings with 2 or 3 housing units.

Additional Data Products

• Zillow Home Value Forecast (ZHVF): The ZHVF is the one-year forecast of the ZHVI. Our forecast methodology is methodology post.
• Zillow creates our negative equity data using our own data in conjunction with data received through our partnership with TransUnion, a leading credit bureau. We match estimated home values against actual outstanding home-related debt amounts provided by TransUnion. To read more about how we calculate our negative equity metrics, please see our here.
• Cash Buyers: The share of homes in a given area purchased without financing/in cash. To read about how we calculate our cash buyer data, please see our research brief.
• Mortgage Affordability, Rental Affordability, Price-to-Income Ratio, Historical ZHVI, Historical ZHVI and Houshold Income are calculated as a part of Zillow’s quarterly Affordability Indices. To calculate mortgage affordability, we first calculate the mortgage payment for the median-valued home in a metropolitan area by using the metro-level Zillow Home Value Index for a given quarter and the 30-year fixed mortgage interest rate during that time period, provided by the Freddie Mac Primary Mortgage Market Survey (based on a 20 percent down payment). Then, we consider what portion of the monthly median household income (U.S. Census) goes toward this monthly mortgage payment. Median household income is available with a lag. For quarters where median income is not available from the U.S. Census Bureau, we calculate future quarters of median household income by estimating it using the Bureau of Labor Statistics’ Employment Cost Index. The affordability forecast is calculated similarly to the current affordability index but uses the one year Zillow Home Value Forecast instead of the current Zillow Home Value Index and a specified interest rate in lieu of PMMS. It also assumes a 20 percent down payment. We calculate rent affordability similarly to mortgage affordability; however we use the Zillow Rent Index, which tracks the monthly median rent in particular geographical regions, to capture rental prices. Rents are chained back in time by using U.S. Census Bureau American Community Survey data from 2006 to the start of the Zillow Rent Index, and Decennial Census for all other years.
• The mortgage rate series is the average mortgage rate quoted on Zillow Mortgages for a 30-year, fixed-rate mortgage in 15-minute increments during business hours, 6:00 AM to 5:00 PM Pacific. It does not include quotes for jumbo loans, FHA loans, VA loans, loans with mortgage insurance or quotes to consumers with credit scores below 720. Federal holidays are excluded. The jumbo mortgage rate series is the average jumbo mortgage rate quoted on Zillow Mortgages for a 30-year, fixed-rate, jumbo mortgage in one-hour increments during business hours, 6:00 AM to 5:00 PM Pacific Time. It does not include quotes to consumers with credit scores below 720. Traditional federal holidays and hours with insufficient sample sizes are excluded.

About Zillow Data (and Terms of Use Information)

• Zillow is in the process of transitioning some data sources with the goal of producing published data that is more comprehensive, reliable, accurate and timely. As this new data is incorporated, the publication of select metrics may be delayed or temporarily suspended. We look forward to resuming our usual publication schedule for all of our established datasets as soon as possible, and we apologize for any inconvenience. Thank you for your patience and understanding.
• All data accessed and downloaded from this page is free for public use by consumers, media, analysts, academics etc., consistent with our published Terms of Use. Proper and clear attribution of all data to Zillow is required.
• For other data requests or inquiries for Zillow Real Estate Research, contact us here.
• All files are time series unless noted otherwise.
• To download all Zillow metrics for specific levels of geography, click here.
• To download a crosswalk between Zillow regions and federally defined regions for counties and metro areas, click here.
• Unless otherwise noted, all series cover single-family residences, condominiums and co-op homes only.

Source: https://www.zillow.com/research/data/

This dataset was created by Zillow Data and contains around 200 samples along with Unnamed: 1, Unnamed: 0, technical information and other features such as: - Unnamed: 1 - Unnamed: 0 - and more.

How to use this dataset

• Analyze Unnamed: 1 in relation to Unnamed: 0
• Study the influence of Unnamed: 1 on Unnamed: 0
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--- Original source retains full ownership of the source dataset ---

This dataset contains quarterly median capital and interest payments as a percentage of income for first time buyers in England

This dataset contains quarterly median capital and interest payments as a percentage of income for first time buyers in England. The data is owned by the Council of Mortgage Lenders (CML)and permission has been given to publish to ODC.

In the 2 years to March 2023, White British households spent 28% of their weekly income on rent payments on average – the lowest percentage out of all ethnic groups.

Help to Buy - Wales is a £170 million shared equity loan scheme designed to support home ownership, stimulate building activity and provide a boost to the housing sector and wider economy. Under the scheme, loans are available to buyers wishing to purchase a new-build property worth up to £300,000. Help to Buy Wales support is available to all home buyers (not just first time buyers) who wish to purchase a new home, but may be constrained in doing so – for example, as a result of deposit requirements – but who could otherwise be expected to repay a mortgage. A shared equity loan of up to a maximum of 20% of the property purchase price is available. In addition, buyers are required to provide a 5% and will then need to secure a mortgage to cover the remaining balance. All builders (of all sizes) are able to register with the scheme and sell properties through the initiative. The data shown here are aggregated from the individual transaction records recorded by Help to Buy Wales Ltd, an extract of which is supplied monthly to Welsh Government.