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First-time buyers struggle to climb onto the property ladder despite better mortgages

This Is Money
First-time buyers struggle to climb onto the property ladder despite better mortgages - property prices - United Kindom - first time buyer - property ladder


First-time buyers are fighting a losing battle to climb on to the property ladder despite a surge in mortgages available to help them.



Today, there are 360 mortgages aimed at first-timers with a small deposit, of between 5 per cent and 10 per cent, of the property price. This is more than a fifth higher compared to a year ago — and three times as many as available in October 2009. 

Yet one in five first-time buyers still has no choice but to turn to their parents or relatives for financial help, a report from the Centre For Economics And Business Research shows. 


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