Zoopla report suggests first fall in five years as Covid crisis sees lenders pull low-deposit mortgages
- Coronavirus – latest updates
- See all our coronavirus coverage
The share of homes purchased by first-time buyers in the UK looks likely to drop for the first time in five years, as major banks pull low-deposit mortgages off the market in response to the Covid-19 crisis.
Forecasts released by property portal Zoopla show that, despite a surge in demand earlier this year, first-time buyers will make up around 33.9% of home purchases in the UK for 2020, down from a 10-year high of 34.9% in 2019.
