/24-7PressRelease/ - LONDON, UK, June 09, 2006 - According to an investment company, first time buyers are unable to buy or pay interest for their mortgage loans because of price hike in properties. According to a financial provider, more houses have been built but that is not affordable to the first time buyers or second time buyers.
Also, there is scarcity of homes that was being built by government housing associations. Robin Plaster, sales and marketing director at the company said that though there has been substantial increase in new homes, the problem of first time buyers is not likely to be solved completely. He further added that government must take some necessary actions to help out first time buyers.
Financial provider Abbey said that second time buyers are also finding same trouble in finding properties as in the case of first time buyers. Paula Ickinger , product executive for mortgage and loans at the company said that although first time buyers are putting all their efforts to buy properties , but the sky rocketing price of the houses are preventing them to do so.
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