New front in lenders' battle for first-time buyers
Source: BBC
Mortgage lenders' attempts to lure in first-time buyers have stepped up with the UK's biggest building society allowing some to borrow more.The Nationwide said that from Tuesday, new borrowers could request a mortgage up to six times their income with a 5% deposit.But it would only be available for those taking out a five or 10-year fixed-rate deal.With rates expected to fall, some may only want a loan with…
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