'They have been so swamped with demand from home movers and first-time buyers that they have been able to price up across the board.' It said that First Direct, Nationwide and Coventry Building Society have been rated the UK's top mortgage lenders, according to its findings. This, coupled with rising house prices, has left many first-time buyers with no way of financing their first home - leaving many to shelve their plans and continue to rent. 'It's only a risk if the property market falls or property prices plummet. 'Lenders need to be able to responsibly reintroduce products at higher loan-to-values to support first-time buyers and give them the best choices and outcomes.'

Source: Daily Mail October 10, 2020 01:21 UTC