Discussion in 'Finance & Banking' started by Simon Hampel, 30th Mar, 2009.
Mortgage Choice - Delays Mean First Homebuyers May Miss Out | Lending Central | Your Mortgage News
I believe that stricter assessment criteria is here to stay, with banks like CBA wanting to see minimum 3 mths evidence of real saving, not just gifts from parents or the grant counting towards deposits for FHB's.
I don't think it's necessarily a bad thing either, as many FHB's have such little deposits and entering the market at a time of historically low rates could provide them with a false sense of security that mortgages aren't all that "hard".
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