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Thursday, 16 June 2011 13:50
First time buyer confidence continues to rise Featured
Written by AdministratorA new poll has shown that more first time buyers are seeking mortgages as confidence continues to grow.
The Building Societies Association (BSA) Property Tracker revealed the number of people who think now is not a good time to buy a home fell from 29 per cent in March to 21 per cent in June.
High deposits were still deemed to be the biggest hurdle for many wanting to get a mortgage.
Head of Mortgage Policy at the BSA Paul Broadhead said: "This barrier to potential buyers might reduce in the months ahead as a greater number of higher LTV (loan-to-value) products come onto the market."
Last week a poll by Halifax also showed that 50 per cent of people believe the next three months will be a good time to buy.

