27 Jan

Summit to boost lending to first time buyers

Summit to boost lending to first time buyers

More help for first time buyers hoping to by houses for sale in the UK could be on the way.

Housing minister Grant Shapps will hold a summit in February aiming to boost lending to first time buyers.

The government estimates that 1.4 million households want to get onto the property ladder, but are unable to secure a mortgage, reports the Press Association.

Meeting on February 15th, Mr Shapps is hoping to help banks design new products aimed at first time buyers.

He told the Press Association: "We want to do more to help aspiring first-time buyers.

"There will need to be a unified effort and creative solutions from across the board to make sure we do not lock young people out of the housing market."

Recent research from Post Office Mortgages revealed that couples are prioritising buying houses for sale in the UK ahead of wedding plans.

In addition, 67 per cent of couples already renting together want to buy a house before walking down the aisle.ADNFCR-1222-ID-800369412-ADNFCR

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