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UK mortgage market still struggling with liquidity

Despite the fact that the number of mortgages available today has increased by 66% since January, up to 2,351 from 1,414, many people are still experiencing problems in obtaining sufficient finance to acquire houses. It seems that 58% of the deals on offer today require a minimum down payment of 25% and only 8% of those available will allow a minimum deposit of 10%.

On the surface it certainly seems as though the UK mortgage market is over the worst but underneath there are significant obstacles for first-time buyers especially. It will be interesting to see the trend in the UK mortgage market in the short to medium term and whether or not the common 25% deposit rate remains in place for the foreseeable future. If this is the case, first-time buyers in the UK are effectively being priced out of the marketplace and ultimately, being the new blood of the sector, there will be problems ahead.

Many people are struggling to understand how the UK mortgage arena can still be struggling when the UK government, via taxpayer funding, has ploughed billions upon billions of pounds into the sector. Surely we should be seeing some results?

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