In the six months to March, societies provided 61,730 mortgages to first-time buyers.
In the six months to March, societies provided 61,730 mortgages to first-time buyers.
The Bank has also reduced rates on selected two-year buy-to-let products for UK expats and international residents.
The changes include reductions across fixed and discounted rate products, residential interest-only options, and selected buy-to-let and expat products.
Rates have reduced by 0.15% and now start from 5.29%.
Connect has appointed a group operations director and finance director.
Beagle Street’s intermediary proposition includes life insurance and critical illness cover.
The reforms will cut buying times by around four weeks and save first-time buyers an average of £650.
The bridging lender says its focus is on "maintaining close dialogue with brokers".
A hold was widely predicted after UK CPI inflation held steady at 2.8% in May.
Rates in the bank's purchase range now start from 4.30%.
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