UK facing first time buyer crisis as lack of loans and need for huge deposits hamper property market

[Nicholas Wallwork]

The UK residential property market is facing a first time buyer crisis which is likely to get even worse, a new report warns.

The number of people planning to buy their first home has slumped to the lowest level since records began and experts are warning that the ‘death of the first time buyer’ could have a devastating impact on the market.

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