Thursday, 27 January 2011

Lenders challenged over first-time buyers - Telegraph

Lenders challenged over first-time buyers - Telegraph

Mortgage lenders are being hauled before ministers to explain why they are refusing to lend money to first-time buyers with impeccable credentials.

The patience with banks and building societies has finally snapped and a meeting will take place next month in which the lenders will be asked to explain away record low figures for mortgages.

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