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Bank rate freeze sparks surge in first time property buyers seeking mortgages

Confidence in the market is strong

The recent freeze in the Bank of England base rate has led to a significant increase in the number of home buyers seeking mortgages.

That's the experience of local mortgage broker Financial Options.

Spokesman Paul Chase says confidence in the market is strong and, despite mortgage rates remaining high, there's also been a marked rise in the number of first time buyers seeking to enter the market:

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