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More apprehension from first-time buyers

While buyers and sellers go about business as normal first-time buyers are still holding back.

Statistics released from the National Association of Estate Agents show the market share for first-time buyers dropped from 11.7% in February to 8.3% in March.

Blame for the house-hunting slump has been pinned on the credit crunch, tighter lending criteria, and apprehension.

Stewart Lilly, NAEA president, says: “There are indications that first time buyers have dropped their market share once again showing a ‘wait and see’ attitude has been adopted.”

He says: “Over the next few months it is imperitative that the shackles are released on the mortgage market so consumer confidence can be rebuilt, allowing the market to stabilise.”


KGB sees 30% rise in volume

KGB Packaging has seen a 30% rise in the volume of cases submitted by brokers during the past month, compared with its monthly average for 2008 so far.

Lenders urged to declare plans

KGB Packaging is calling on lenders to declare whether or not they intend to commit to active lending so that packagers can plan for market recovery.

C&G raises its rates

Cheltenham & Gloucester has raised its rates for the second time in three weeks.


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