2/24/2023 0 Comments Buying by the gross![]() In 2020, the number of new mortgages taken out fell by 12.6%, again the decline reflecting the impact of COVID-19 on the market. In 2020, IRN Research estimates that first time home buyers (FTBs) borrowed 7.2% less to purchase their first homes, compared with 2019, mainly due to the impact of COVID-19. By IRN Team in News Number of new mortgages taken our down by almost 13%ĬOVID-19 has had a major impact on the market in 2020/21, deterring some FTBs from buying a home but also leading the Government to introduce a Stamp Duty holiday, which encouraged strong buying demand ahead of the ending of the holiday. ![]()
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