First-Time Buyers Are Losing Out

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Summary

FIRST-TIME buyers could be the major losers from the credit crunch as mortgage lenders demand they put down larger deposits to secure a home.

Several lenders have scrapped deals that allowed borrowers to take a mortgage with a very small deposit or none at all.

Extract

First-Time Buyers Are Losing Out

Experts claim this is just the start of providers tightening up their lending conditions, with...