Lenders deny competition to first-time buyers

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Lenders deny competition to first-time buyers

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09-22-2009, 08:49 PM

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Lenders deny competition to first-time buyers

Potential first-time buyers continue to be excluded from the best mortgage deals, with risk the overriding factor in setting rates.According to Moneyfacts.co.uk, competition among lenders is still taking a back seat with rates on home loans dipping a mere 0.12% on average for those with a 10% deposit, despite the cost of funding to lenders [...]

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