Tag: property purchase jointly
Two-thirds of first-time buyers are purchasing a property jointly
According to mortgage lender Halifax, nearly two-thirds of first-time buyers in 2023 did not buy their property in their sole name. The lender found that 63% of first-time buyer mortgage completions were in joint names. The average deposit put down was £53,414, which accounts for 19% of the purchase price. During a challenging financial year,...