Mortgage lending improves for the first time in recent months since the credit crunch but the average deposit needed remains above £50,000, locking many potential new homeowners out of the market, according to the latest affordability and house prices index from FindaProperty.com.
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If you have ever received a pre-approved loan in the mail, you may have wondered how you got approved without undertaking any test or requesting for the loan in the first place. In fact, some of the questions that runs through the mind range from how they got your personal details to how did they know they could trust you with a loan.
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