First-time buyer numbers increase

First-time-buyer numbers are up by almost a quarter year-on-year, lenders have said, amid signs that Government efforts to encourage mortgage lending are trickling down to people with smaller deposits.

A total of 21,700 loans worth £2.7 billion were advanced to first-time buyers in November, marking one of the highest monthly totals seen in the last three years, said the Council of Mortgage Lenders (CML).
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