The Times - Got a deposit? There’s a deal for you
Lenders are falling over themselves to provide first-time buyers with a mortgage, as buy-to-let lending takes a hit and banks and building societies look for new borrowers.
“It was not that long ago that there were very few first-time buyers because they needed such a huge deposit, but they now make up a large part of the market,” says Aaron Strutt of the broker Trinity Financial.
“The banks and building societies still have huge lending targets and even with Brexit they want to try to hit them.”
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