Wednesday, May 28, 2008
First time buyers need to be more patient and stop buying houses for a while.
aboutproperty.co.uk: First time buyers finding it harder than ever to get a mortgage
Evidence of the continuing decline of first time buyers in the mortgage market emerged today as Charcol revealed only four per cent of its customers were first time buyers in March.
The mortgage broker blamed the lack of mortgage deals above 90 per cent loan to value for the decline. It also accused mortgage lenders of charging borrowers who could not provide a deposit of at least 25 per cent of the value of the property they wished to buy up to three quarters of a per cent more in interest.
Posted by housebear @ 12:28 PM (204 views) Add Comment
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