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First-timers seek low LTV deals

Leadbay says first-time buyers are adapting to the low-LTV mortgage environment after noting a rise in the number of borrowers looking for deals with LTVs between 70% and 90% in the past six months.

The statistics are based on more than 40,000 first-time buyers submitting enquiries through the lead generation website.

First-time buyer enquiries for LTVs between 90% and 95% fell by 10.8% to 33.6% while enquiries for LTVs between 85% and 90% were up 12.3%. There was also a rise in the number of users looking for LTVs between 70% and 80%.

Grant Stevens, managing director of Leadbay, says: “Lower house prices mean this is seen as a good time to buy so it is likely that family members are helping with deposits. First-time buyer numbers are rising and their average age is falling.”


Mortgage club in online deal

Mortgage Promotions last week signed an exclusive deal to distribute’s Premier Profile online broker listings to its members.

Bank of England cuts rates to 1%

The Bank of England has cut bank base rate for the fifth consecutive month to an all-time low of 1%.

Finance is only one hurdle for small developers

The housebuilding market in its current form simply isn’t working. We are completely over-reliant on the biggest players in the industry – the largest nine are responsible for more than 50 per cent of the new homes built in the UK. But there is a reluctance to do more, particularly in this uncertain post-Brexit world. And with […]


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