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Large growth in first-time buyer lending in the Capital

30 May, 2014

According to the Council of Mortgage Lenders (CML), there has been a large increase in the amount of first time buyer lending in London.

In their latest report out this month, it was revealed that there has been a 29% increase in loans taken out by first time buyers compared to the same period last year.

It was also revealed that the typical loan size was £200,000 and first time buyers’ typical household income went up slightly to £52,600 from the £52,568 average in Greater London.

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