Nationwide has announced that its gross mortgage lending for the six month period to 30 September has risen by 15% to £10.2bn and, and, £2.5bn of that was lent to first-time buyers.
What does this mean to property investors?
This does shown signs that people are gaining confidence once again in the property market, and first time buyers are on the increase.
BUT before we get too excited, Chris Rhodes, Nationwide’s product and marketing director, was also quick to point out that he felt property prices in the UK would stay pretty flat for 2013.
You can read the full article from Nationwide Here
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