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First time buyers can now get a mortgage for 6.5 times their salary... and only put down a 5% deposit

Borrowers using the mortgage could buy the average first-time buyer property in England with a deposit of just £12,273.

First time buyers can now get a mortgage for 6.5 times their salary... and only put down a 5% deposit

We haven't written up this one. This Is Money has the full story — the link below goes straight to it.

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