HC Deb 07 September 2004 vol 424 cc1158-9W
Mr. Hayes

To ask the Deputy Prime Minister what the average mortgage taken out by first time buyers was in each year since 1997. [187331]

Keith Hill

The average advance (mortgage) taken out by first-time buyers across the whole of the UK during each year since 1997 has been as follows.

Year Average advance (£000)
1997 46,600
1998 50,900
1999 57,400
2000 60,500
2001 67,000
2002 80,300
2003 82,600
Note:
The term "first-time buyer" refers to buyers who were not homeowners immediately prior to this purchase.
Source:
Survey of Mortgage Lenders.
Figures are shown to the nearest 100.

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