List your brokerage free - Over 4,000 brokers in over 700 cities

24 Dash: 'Deposits at 40-year high as prospects for first-time buyers look bleak'

House Price Crash News Blog

Published 2011-01-24 11:01:00

"At least 100,000 first-time buyers who have no help from the ‘bank of mum and dad’ were unable to enter the housing market last year, as the number of low deposit mortgages slumped to a record low, according to data published by the Chartered Institute of Housing. In 2009 there were only 28,000 loans to first-time buyers at 90 per cent or more - where buyers had to find a 10 per cent deposit or less - down from 245,000 in 2006. And numbers of younger first-time buyers able to buy a home without help with a deposit fell by 100,000 per year between 2006 and 2009."


Read Full Article
Source: http://feedproxy.google.com
(House Price Crash News Blog)

Find a local Mortgage Broker
 

More Mortgage News

Further Resources

Useful Sites

Privacy | List your brokerage free | Sitemap