Home Loans Slip 8% in June as Banks Reduce Lending to First Time Homebuyers
Banks are cutting back on lending to first time buyers according to the latest Mortgage Monitor from e.surv chartered surveyors. There were just 10,325 loans for house purchases under £125,000 (typical first-time buyer property), a fall of 12% from May. Those with smaller deposits were hit particularly hard with just 4,750 loans granted to borrowers […]
