Jun 15
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Number of mortgages for UK first time buyers doubles in three years
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Published by Property Wire on Tuesday, 02 June 2015
The number of mortgage products available to first time buyers in the UK has doubled in the last three years, while rates have dropped by 1%, new research shows.
Since 2012 the number of 95% mortgages available has increased by 448%, according to a study from online comparison site MoneySuperMarket.
But the firm says that first time buyers should always be mindful of the whole cost of a mortgage and not be lured by a headline rate.
