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Average FTB age is 30, say Clydesdale and Yorkshire

The average age of a first-time buyer taking out a mortgage with Clydesdale and Yorkshire Banks is 30, the lenders have revealed.

Research by the banks shows that 33% of their first-time buyers are aged under 25, and a further 32% are aged between 26 and 30.

Some 16% are aged between 31 and 35, while 9% are aged between 36 and 40, and 11% are over 40.

The average house price for first-time buyers under 25 is £104,021, compared to £240,709 for those aged 31 to 35, and £214,892 for those over 40.

Steve Reid, retail director at Clydesdale Bank, says: “We remain committed to supporting first-time buyers and have a range of competitive products to help them throughout the process.”


Y3S Group subsidiary in administration

Y3S Group has placed one of its subsidiaries, BMB Financial Limited, into administration, leaving behind liabilities of £191,418.

Resilient market saw loans rise in November

A rise in mortgage lending in November has been welcomed as a sign that the market is holding up well amid the economic worries. Data published by the Council of Mortgage Lenders last week shows there were 47,000 loans for house purchase worth £6.9bn advanced in November 2011, up 3% by number and 5% by […]


Five ways to make your employee focus group session a success

by Debra Corey, group reward director  You just planned and booked what you thought was the perfect vacation for you and your family. You call everyone together to share the great news and instead of receiving sounds of glee and delight, you receive groans and complaints.Your youngest says: “I hate beaches, didn’t you know that?” (You think to […]


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