The BSA has released its latest statistics on the housing market. The statistics show that all the major barriers to property purchase have fallen, including:
- Raising a deposit is at its lowest for six years.
- Access to mortgage finance is down to 38%.
- Affordability of mortgage repayments fell from 35% to 33%.
- Lack of job security is now at 26%.
The BSA's Head of Mortgage Policy, Paul Broadhead, believes that the “awareness of Government schemes, such as Help to Buy plus the availability of higher loan-to-value mortgages helps to bring choice and competition to the [housing] market”.