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The Independent UK
The Independent UK
Business
Karl Matchett

Low-rate mortgages hit 17-year high – but it’s not all good news for first-time buyers

The number of low-deposit mortgages available has reached the highest level since 2008, new figures show.

Mortgage and general lending rules were tightened in the wake of the global financial crisis, which made it more difficult for some to secure amounts on a mortgage they needed – but also led to fewer defaults and people losing their homes as a result.

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