Rat and Mouse
Tue
15
Jun
First-time buyers, rarer than ever

New figures by the Council of Mortgage Lenders suggest first-time buyers are making up the lowest proportion of borrowers since September 2007. In April 2010, they accounted for just 35% of all new loans, down from 39% in March. The typical first-time buyer borrowed 75% of the value of their home.

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