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First-time buyers 'getting reasonable assistance'
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People looking to get on the property ladder for the first time are getting quite a lot of assistance at the moment, it has been said.

Managing director of FirstRungNow.com Helen Adams said the government's Homebuy Direct scheme is just one example of how help is being given.

"There's still further to go - obviously we don't want to see over-borrowing - [but] this is the beginning of people wanting to lend to first-time buyers, where they haven't done for a while," she continued.

Some mortgage lenders are making an effort to help first-time buyers, Ms Adams revealed, with the likes of the Halifax and Lloyds coming out with high loan-to-value (LTV) mortgages.

According to figures released by moneysupermarket.com, the number of mortgage products available at 90 per cent LTV has fallen by 97 per cent since January 2007.

Rates on 90 per cent LTV deals have actually increased marginally over the same period, it also found.ADNFCR-1100-ID-19221733-ADNFCR

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Date Published: 16 June 2009

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