Tuesday 9 August 2011

The Bank of Mum and Dad

The Bank of Mum and Dad

First time buyer numbers have dropped over the past few years, as they have been forced out of the market by high house prices, low or non-existent salary increases and unwillingness from lenders to provide high loan to value (LTV) mortgages. However according to government figures, despite recent monthly falls in house prices, the property market is still stubbornly out of reach for most first time buyers.

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