THE AVERAGE size of a Help to Buy mortgage is falling, with the typical loan now nearly £10,000 lower than the limit imposed by one of
Last month, Lloyds bank brought in a £150,000 limit on the government-guaranteed loans, but the figures suggest most buyers are snapping up less expensive properties.
MAB's data also indicates that the average home-buyer using the Help to Buy scheme is around four years younger than a typical buyer, at 32.2 years old, in comparison to 36.3 for the market in general.
Figures from the Bank of
A series of regulations brought in earlier this year has halted the overall number of approvals.
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