First-time buyers took advantage of the start of the new year, increasing their market share in January, according to the latest figures from e.surv.
Overall, mortgage approvals dipped slightly in January following a bumper December, recording a 1.8% fall. However, small deposit borrowers increased their market share from 25.5% to 26.7%.
Yorkshire has consistently proved itself to be the best place for first-time buyers to get onto the ladder in 2019, and this continued into the new year. In the region, some 33.6% of all loans went to borrowers with smaller deposits, higher than any other region.