Summary
BUYERS lured into the housing market by low prices are still struggling to secure affordable mortgages, undermining hopes of a housing market recovery.
Scottish house prices have fallen by over 10 per cent in the last year, despite a small rebound in recent months, and buyers have gradually returned to the market to take advantage before prices rise again.See the full content of this document
Extract
Banks Still Reluctant to Lend a Hand to First-Timers
But while lending levels have been on the increase for several months and are a distinct improvement on late last year, May saw the weakest growth in lending since 1993.
The number of mortgages approved by the UK's mortgage lenders rose by just 223 in May, some 3,000 below the expect...See the full content of this document
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