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Mortgage market driven forward by First Time Buyers

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Mortgage market driven forward by First Time Buyers

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According to the latest data from the Council of Mortgage Lenders (CML), First Time Buyers have been driving the market, with loans up by 23% in 2013 compared to the previous year.

The number of First Time Buyers picked up towards the tail end of the year, leading Paul Smee, Director General of the CML to comment:

“Good housing market recoveries start because first-time buyers re-enter the market,”

 Read the full story via the BBC website here

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