///Tightening in lending criteria abates: CML

Tightening in lending criteria abates: CML

New estimates from the Council of Mortgage Lenders suggest that a higher proportion of young first-time buyers than ever before are getting help from parents to enter the market. But more positively, the CML’s latest data shows signs that lending criteria stopped tightening in May. Since reaching a record 25% in February, the average first-time buyer deposit has remained unchanged. And the typical first-time buyer income multiple has held at 2.97 from April.

Read the whole article here.
Article by the Council of Mortgage Lenders.
Data sourced from the CML/BankSearch.

2013-07-26T16:13:28+00:00 26th July 2013| In The Press|