Newly confident first time buyers return in record numbers

July 2006
Credit Control;2006, Vol. 27 Issue 7/8, p94
Trade Publication
The article reports development in the mortgage market in Great Britain. It was reported that first time buyers were given a new found determination in purchasing properties through an increased income multiple lending and a confidence in their own financial security. Purchasers may get into a first rung of the housing ladder as they account for almost half of all mortgages taken out in December. Furthermore, it was revealed in a survey that a number of first time buyers rose dramatically.


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