There was a lot of doom and gloom throughout last year regarding the economy of the UK, particularly in the housing and home owner loan market. But one area which saw a significant level of growth was that of the first time buyer loan market. The latest figures from e surv, have shown that the number of first time buyers entering the housing market and applying for their first homeowner loan or mortgage, saw a marked increase over the course of last year, with the main reason for this being the increase in the number of home owner loan products which offer higher loan to value ratios.
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First Time Buyer Loan Numbers Increase
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