Why banks are wooing first-time buyers again

First-time homebuyers have always had it tough: with their generally-lower levels of income and savings compared to older, more experienced buyers, as well as less-established credit histories, banks have generally passed over them for more seemingly trustworthy borrowers. In recent years, this has specifically included a glut of investment borrowers who buy properties to let. However, very recently, the investment trend has significantly tailed off, leaving banks to now pivot and pursue the very first-time buyers that they once shunned.

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