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UK: Buyers are still locked out of their first home purchase

Posted on 12 November 2012

The latest recession may not have put British households off the idea of owning their own home, but with many continuing to struggle with that first foot on the ladder, the property market has been forced to come up with new ways to get the housing market moving again. So why aren’t struggling first-timers biting?
Mortgage rationing has meant would-be first-time buyers, unable to build up a hefty deposit, have been priced out of the market. Government schemes have been introduced to kick-start the market from the bottom up, but so far, the take-up has been poor………………………………………..Full Article: Source


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