According to the Bank of England, the availability of mortgages declined dramatically in the three months ending May 2020 – implying a bigger credit squeeze than in the worst three-month period of the global financial crisis.
First Time Buyers vs First Time Mortgage Sales of 85%+ Loan To Value
The chart demonstrates that especially among first time buyers, homeownership is still struggling in the wake of the recession, far from its 1980s peak. However, ….