Lack of loans means fewer first time buyers in UK real estate market

[Nicholas Wallwork]

A drop in first time buyer numbers in the UK is causing concern in the nation’s property market, as finance remains difficult to obtain. The latest figures from the National Association of Estate Agents shows that sales remained strong across the property market in September but the number of house hunters has fallen for the [...]

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[Kevin Dickins]

The property market was fuelled by 95-120% mortgages for FTB's at the peak of the market. We certainly won't be seeing loan to values at that level for a long time, if ever, and consequently we won't be seeing a property market like we did at the peak of the market.