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First Time Buyer Mortgage Products
posted Saturday, 15 March 2008
It is said that one in ten households lives in privately rented accommodation in UK. Some of these people living in rented houses want to buy house on mortgage. However, they cannot apply for mortgage loans because traditional mortgage lenders ask for 10/% down payment to process their loan application. According to the Halifax house price index, an average UK house costs 198,000 pounds.
There is good news for these people. Many lenders now ask for 3-5%. In some cases, they waive this requirement.
Money Magic knows some the lenders who offer First Time Buyer Mortgage Products. Contact them today and they will send you First Time Buyer Mortgage Quotes.
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