First time buyers in the UK still struggling to get on property ladder, figures indicate

[Nicholas Wallwork]

The UK property market is stable but runs the risk of stagnation because*first time buyers are still struggling to secure a mortgage unless they*have a deposit of at least 25%, it is claimed.

The latest monthly report from the Council of Mortgage Lenders shows*that 51,000 mortgages were agreed for house purchases in September, a rise*of just 1,000 compared with August.

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