Housing market 'most unequal in a decade’ as first time buyers priced out.

Despite entering into the deepest recession in history, the housing market continues to boom.

But experts say strong sales are masking the worst inequality in the market seen in a decade, with banks refusing to lend to those with smaller deposits and first time buyers increasingly priced out.

At the same time, many properties are being snapped up by wealthy buyers buoyed on by the Chancellor's cut in stamp duty.

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