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