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LATEST NEWS & EVENTS First-time buyers back tougher mortgage rules  Three-quarters of first-time buyers back tougher rules on residential property conveyancing, new figures show. The poll for the charity Shelter reveals a majority of prospective homebuyers think banks must lend responsibly, even if that means some people are prevented from obtaining a mortgage. Shelter is calling on the Financial Services Authority to implement reforms set out in the Mortgage Market Review. The survey also revealed that 79 per cent of first-time buyers think banks and building societies lent irresponsibly before the credit crunch Over a third (38 per cent) of respondents do not think they can be trusted to lend responsibly in the future. Campbell Robb, chief executive of Shelter, said: "What is most striking is the level of support amongst first time buyers who clearly want greater protection and are well aware it might limit their chances of getting mortgage credit in the future." Matt Griffith, of first-time buyer group Priced Out, added that "loose lending" is to blame for driving up house prices to "sky high" levels. Posted by Alex McLean 
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