It’s encouraging to see that the recent move by Co-operative Bank to offer a range of best-buy mortgages aimed at borrowers with only a 10 per cent or 15 per cent deposit has triggered a reaction from rival lenders.
Until now, the majority of mortgage products have been aimed at those with a stake of 25 per cent or more but the tide is gradually starting to turn and more lenders are at last looking for a piece of the action in the first-time buyer (FTB) sector of the market.
Figures from the Council of
Figures from the Council of
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