First-time buy­ers at high­est level in Wales for 14 years

Western Mail - - PERSONAL FINANCE -

THE num­ber of first-time buy­ers in Wales has reached its high­est level since 2004, ac­cord­ing to new re­search from Lloyds Bank

Data from the re­port found that there were an es­ti­mated 7,791 first­time buy­ers in Wales in the first half of 2018 com­pared with 7,600 in the same pe­riod last year, a 3% in­crease. The av­er­age price for a typ­i­cal first home in Wales has also grown by 9% to £140,000 with the av­er­age first-time buyer aged 30.

To pro­vide sup­port for the grow­ing num­ber of first-time buy­ers aim­ing to get on the prop­erty lad­der, Lloyds Bank­ing Group has launched a se­ries of free events in Lloyds Bank and Hal­i­fax branches across Wales. The ses­sions, which in­clude half-day, all-day and oneto-one meet­ings, will see lo­cal ex­perts in­clud­ing so­lic­i­tors and es­tate agents pro­vide in­sight into the en­tire prop­erty buy­ing process, from view­ing to ex­change.

Lloyds Bank and Hal­i­fax col­leagues will be on hand to dis­cuss a range of house-buy­ing top­ics with cus­tomers, in­clud­ing how to save up for a de­posit and the pa­per­work to com­plete dur­ing the process.

The events sup­port Lloyds Bank­ing Group’s Help­ing Bri­tain Pros­per plan, which aims to help peo­ple, busi­ness and com­mu­ni­ties across Bri­tain. The Group has com­mit­ted to lend­ing £10bn to help peo­ple in Bri­tain buy their first home in 2018.

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