The average two-year fixed rate for someone with a 20% deposit has lowered from 5.21% in August 2024 to 4.38%.

96% of first-time buyers received financial help for their deposit.

Capacity issues facing conveyancers are taking their toll on customer relationships and creating perceived communications hurdles.

Homebuyers paid over £6bn in stamp duty in first half of the year.

90%+ LTV products now account for over 22% of all borrowing, indicating more buyers are stretching their deposits due to affordability pressures.

The Group will extend its First Time Buyer Boost offering through Lloyds Bank and Halifax.

Accord will now lend up to 5.5 times income to first-time buyers at 95% LTV.

The move is expected to support an additional 10,000 first-time buyers each year.

Patrick Bamford, head of international business development at Qualis Credit Risk, explores the FCA's recent Discussion Paper on improving access to first-time buyer mortgages.

The high-LTV product range is available to first-time buyers or existing homeowners looking to purchase, upsize or remortgage.