More first time buyers needed to boost the mortgage market
| Category: Uncategorized | April 11th, 2012Anyone involved in the mortgage industry will know how important first time buyers are to the market. Since 2007 the number of first time buyers has fallen sharply, as has the number of approved mortgage applications more generally. However first time buyers are important as they are the newcomers to the market which help move housing sales further up the chain. They help to ensure prices and house values continue to grow, which in turn helps to create growth in the economy.