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First-Time Buyers Still Expected to Struggle to Get Financing This Year

Posted byTulloch Priest
Tulloch Priest
Founding Member of Priest Properties Ltd
User is currently offline
on Thursday, 26 January 2012
in UK Property Market
First-time buyers are expected to continue to find it difficult to get financing this year in spite of an increase in the number of cheap deals available to them. There are now 332 deals for those with a 10 % deposit, up from 199 a year ago and 114 two years ago. In spite of this in these experts estimate around half of those who have a 10% deposit and who apply for a loan will be refused. In spite of the fact that high-street banks appear to be encouraging first-time buyers with cash back deals or fee free mortgages, many...

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