Homebuyers were less reliant on a mortgage to purchase a house last year, as the contribution from cash rose, according to the Intermediary Mortgage Lenders Association.
It estimates that cash accounted for £418 for every £1,000 used to purchase a property last year, up from £377 in 2013.
Cash’s rise is leaving a growing number of people without access to large deposits and unable to get on the housing ladder.
