First-time buyers accounted for 22% of new home loans in the fourth quarter of last year, figures from the Bank of England show. That is the highest level since the central bank first collected the data in 2007.
Buy-to-let mortgages rose to 13.9% of the total, from 13.0% in the prior quarter
The total value of new mortgages taken out in 4Q was £62.8bn, a fall of 2.6% on the quarter and 0.4% on the year.
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