Property News · May 1, 2017

Smaller deposits raise hopes for UK first-time homebuyers


Hamptons says re-emergence of higher loan-to-value mortgages combined with lower lending rates and cooling prices have boosted purchase prospectsEasier access to mortgages with a small deposit has offered some glimmers of hope for first-time buyers struggling to get on to Britain’s housing ladder, according to a new report.Research on the amount of time it takes to save for a down payment on a home suggests buyers have been helped by the greater availability of mortgage loans at higher loan-to-value (LTV) ratios. Continue reading…

Source : theguardian.com
Read more…Smaller deposits raise hopes for UK first-time homebuyers

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