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Are Lenders Encouraging Back First Time Buyers?
This week saw the return of a limited number of new mortgage products offering first time buyers deals with a 85%-90% Loan to Value (LTV) ratio.
Commenting on the new products, Tony Rice of Bedfordshire-based specialist mortgage and insurance brokers TMP Mortgage Zone, said: "There are certainly nowhere near as many products for first time buyers on the market today as there were 12 months ago, but I welcome any lenders who come back to the market offering better mortgage deals for first time buyers - many of whom still do not have the high deposits of 30% plus that some lenders demand."
[ 12-11-2009 ]
