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Surge in first time buyers enquiring about mortgages

Advisors dealing with 60-70 requests for meetings each week

A local mortgage advisor says the majority of mortgage applications his company is dealing with are from first time buyers.

Paul Chase says his team is holding between 60 and 70 meetings a week in relation to potential mortgage applications, which suggests confidence is high in the property market.

He believes falling inflation, stable interest rates and an increase in the number of properties coming onto the market are contributory factors:

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