Ms Dixon said the “added pressure of large, high-street banks allocating funds to the market at 7.50am, and going by 8am... [made] the pressure unbearable”.
Ms Dixon also said the shortage of 90 per cent LTV mortgages available was a concern.
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Ms Dixon said: “I feel strongly that first-time buyers are the key to success in a housing market [but when] you restrict this lending, we may not see the results the chancellor was hoping for”.
The market has seen many lenders temporarily withdraw 90 per cent LTV products to protect service levels after experiencing high demand.
chloe.cheung@ft.com
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