Credit Crunch: Cash For Property Buyers Dry Up
Cash
buyers for property are becoming a scarce commodity across the UK.
While in the past people were eager to put down cash
for property in order to secure a good investment, the focus has
now shifted to sitting back and waiting for the property market to
stabilise.
While
cash buyers for property think they have got it bad, first-time
homeowners looking for a mortgage have got it even worse. Tightened
credit conditions have led to serious problems in the property
market, and the number of mortgage approvals continues to fall.
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