HC Deb 07 September 2004 vol 424 c1167W
Mr. Hayes

To ask the Deputy Prime Minister what proportion of home buyers were first-time buyers in each year since 1997; and if he will make a statement. [187326]

Keith Hill

The percentage of house purchases made by first time buyers in the United Kingdomin each year since 1997 is estimated to have been as follows:

Percentage of house purchases

made by first time buyers

1997 45
1998 48
1999 47
2000 44
2001 43
2002 38
2003 29
1. The CML figures are based on mortgage completions supplied through the Survey of Mortgage Lenders.
2. The figures exclude cash purchases and also exclude mortgage purchases where the type of buyer was not stated.
3. In the context of the Survey of Mortgage Lenders, the term "first-time buyer" refers to those buyers who were not homeowners immediately prior to this purchase. But they might have been homeowners at an earlier stage in their lives. For example someone who, after a period of home ownership, sold up, moved into rented accommodation and is now returning to home ownershipas a "first-time buyer".
Council of Mortgage Lenders

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