Lack of first-time buyer mortgages costs economy £34bn

The lack of mortgage lending to first-time buyers is causing a ripple effect across the whole UK economy, according to a study published today.

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BBA: August gross mortgage lending remains flat at £6.9bn

Gross mortgage lending stood at £6.9bn in August, down on the £7.1bn recorded in July, reported the British Banking Association (BBA).

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