Money Morsels: Some Better News for First-Time Buyers

Summary


FIRST-TIME buyers with small deposits have a growing number of mortgages from which to choose as lending restrictions slowly ease.

The number of 85 per cent loan-to-value (LTV) mortgages available has risen to from 169 to 231 since the Bank of England base rate fell to 0.5 per cent in March, said Moneyfacts. And there are now 105 deals available for buyers with deposits of just 10 per cent, up from 80 in March.

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Extract


Money Morsels: Some Better News for First-Time Buyers

But mortgage cost...

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