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First Home scheme has put mortgage lending on ice

“In the second quarter this year, I’ve noticed that the mortgage industry moved on ice due to First Home scheme. The program has clearly blocked the mortgage market”, says Laszlo Diosi.

“The mortgage market is hardly moving, and we barely grant a few loans, because people don’t come searching for financing, and we can’t start ‘head-hunting’”, said Laszlo Diosi.

“The market will most likely recover in September and we will probably grant more mortgage loans than we are now”, Diosi continued.

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