First-time buyers rise
property: The number of first-time buyers in the UK rose to its highest level in five years during 2012, lenders said.
Some 216,200 people became homeowners for the first time last year with loans worth £27.3bn, marking a 12 per cent increase on 2011, the Council of Mortgage Lenders said.
People taking their first step on the property ladder also made up a bigger chunk of the market in the final three months of last year, at 42 per cent, compared with the longer-term average of 38 per cent.
The overall value of first-time buyer loans was also 4 per cent higher during December, at £2.4bn, compared with a year earlier.
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