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Press release content from Business Wire. The AP news staff was not involved in its creation.

United Kingdom First Time Buyer Mortgages Consumer Research Report 2019 - ResearchAndMarkets.com

December 2, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Dec 2, 2019--

The “First Time Buyer Mortgages 2019: Consumer Research Report” has been added to ResearchAndMarkets.com’s offering.

Research from the author’s First Time Buyer Mortgage Report 2019 indicates a large potential boost to Barclay’s first-time buyers (FTBs) market share.

A much higher percentage of FTBs yet to make their first purchase favour Barclays compared with FTBs who made their first home purchase up to five years ago. At the same time, other providers like Halifax and Nationwide Building Society, the two market leaders among FTBs who have already purchased a home, could experience a decline in share.

Barclays was one of the first mortgage providers to offer FTB mortgages linked to the incomes or savings of friends and relatives (Barclays Family Springboard mortgage). While other providers offer similar products, it may be that by being early into the market Barclays has stolen a march on its rivals.

This report aims to give clients a crucial insight as to the current mindset of the typical first-time buyer (FTB), their approach to their first property purchase, and where this is directly impacting their wider spending potential. A key aspect of this report is considering the customer journey taken by recent FTBs and how this may differ from the journey likely to be taken by FTBs entering the market in the coming years.

It also examines the market and identifies potential opportunities for relevant providers to grow their business and analyses how government-backed schemes to help FTBs have impacted the market. The report further explores what mortgages FTBs have or are considering buying, and where they have sought advice.

Some of the other findings from the report include:

Key Topics Covered:

1. Executive Summary

2. Introduction

3. Background

4. Buying Your First Home: Easing The Financial Barriers

5. FTB Strategies: Getting Professional Help

6. The Mortgage Customer Journey: The Pinch Points

7. Making It Easier For FTBS

8. Improving Product Choice

9. Being A Customer

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/aq616q

View source version on businesswire.com:https://www.businesswire.com/news/home/20191202005762/en/

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SOURCE: Research and Markets

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PUB: 12/02/2019 12:22 PM/DISC: 12/02/2019 12:22 PM