Market held back by lack of competitive deals for first-timers
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First-time buyers are the lifeblood of the mortgage market but many potential buyers are struggling to find a 5% deposit, never mind 15%.
So the news last week that the number of 85% LTV deals has increased by 22% since December will bring little comfort to most aspiring first-time buyers.
Until we have realistic and competitive rates for first-timers we will not see an upturn in the mortgage market.
WAYNE EVANS
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