Pursuits
U.K. First-Time Buyers Surge to Highest Since 2007, Halifax Says
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The number of first-time U.K. home buyers rose to a seven-year high in the first half of 2014, according to a Halifax report that showed new homeowners spend about a third of their disposable income on mortgage payments.
In the first six months of the year 144,500 people bought their first home, according to the mortgage unit of Lloyds Banking Group Plc. That’s up 25 percent from the same period a year earlier and is the biggest increase since the first half of 2007, before the financial crisis.