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First-time buyer homes to ‘flood the market’ as landlords sell up
National Landlords Association data indicates that 45% of landlords intend to sell individual flats, with a third (33%) offloading terraced homes – both of which represent options for first-time buyers.
Richard Lambert, chief executive of the National Landlords Association, said: “These findings sound like positive news for potential new homeowners, but the reality is not everyone wants, or is in a position financially, to buy.
“In fact, if all these homes are sold as planned then it will lead to a significant fall in the supply of property available to those who choose to rent, or have no other option but to rent."
Lead Source: Mortgage Introducer 16/05/2018
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