First-time buyers will not find a more reliable, comprehensive or enjoyable dictionary of English.
Banks are also permitted to discount mortgage rates up to 30% for first-time buyers.
At the start of 2000, first-time buyers accounted for 49% of loans for house purchase.
But more demand for rental accommodation has cut the supply of houses for sale to first-time buyers.
However, first-time buyers still required a deposit on average of 20% to get on the property ladder.
The number of loans taken out by first-time buyers rose slightly in September from a low base.
The UK mortgage market has been boosted by government schemes to help first-time buyers, according to homebuilder Redrow.
BBC: Mortgage market boosted by lending schemes, says Redrow
The CML said the number of first-time buyers rose by 12% to 216, 000, the highest number since 2007.
BBC: Mortgage market boosted by lending schemes, says Redrow
Loans for first-time buyers were on a downward path well before the crisis, because of high house prices.
At the same time, he said lower interest rates had improved the affordability of mortgages for first-time buyers.
These include Tina and Simon who are first-time buyers and have just bought a home in Newton Aycliffe.
That's made it particularly hard for potential first-time buyers to get a mortgage.
These include exemptions on property acquisition taxes and financial support for first-time buyers.
He believes that the boom in the property market was unsustainable, but the situation for first-time buyers was preventable.
As first-time buyers are squeezed out of the market, it cannot be long before house prices start to wobble.
ECONOMIST: The higher they climb, the further they will fall
There was a 19% annual rise in loans for house purchases to first-time buyers in October, the figures show.
The government has allowed, on a city-by-city basis, some breaks for first-time buyers.
Galleries and first-time buyers on lower incomes have all benefited from the government-backed Own Art initiative, the council said.
Some of the rise in renting reflects credit constraints, particularly on first-time buyers.
Housing Minister Grant Shapps said the average age of first-time buyers had risen dramatically as people could not afford deposits.
BBC: Mortgage scheme offers buyers help up the property ladder
And peppered with talk of accelerating private infrastructure projects and making it easier for first-time buyers to get a mortgage.
But Martin Ellis, housing economist at Halifax, said the number of first-time buyers was still low "by recent historical standards".
First-time buyers are circling east LA neighbourhoods like Boyle Heights, Echo Park and the unincorporated parts of East Los Angeles, according to Smith.
Though these devices are designed for first-time buyers, they present an experience that is ironically hostile to a potentially hesitant newbie.
FORBES: Improved Android User Experience Saves Half A Million Dollars
Nitesh Patel, housing economist at the Bank of Scotland, said first-time buyers failing to get a mortgage were affecting the statistics.
Mr. Osborne hopes the resulting cheaper loans will bring first-time buyers back into the stagnant U.K. housing market, boosting the economy.
Various surveys have suggested increasing interest from first-time buyers in purchasing a home, despite the continued requirement for a high deposit.
China's Lenovo Group, number two in the market, is benefiting from sales to first-time buyers in China and other developing countries.
The amount of lending to first-time buyers has been low in recent years, compared with the boom in the housing market.
The main threat to the housing market is that house prices remain over-valued, whether for first-time buyers, buy-to-let investors or owner-occupiers.
应用推荐