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UK housing market is stuck on the second step

Posted on 11 March 2013

The entire housing market is facing a logjam as home owners hoping to rise up the property ladder cannot afford the cost of moving. More than half of “second steppers” – or first-time sellers – believe that new Government-backed schemes such as Funding for Lending and NewBuy will have no influence on their struggle to buy their second home, according to a Lloyds TSB report.
Three quarters of this group would like more support from the Government, the research shows, and 86pc want more help from their mortgage lender………………………………………..Full Article: Source


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