A CVT does not strictly require the presence of a clutch. Nevertheless, in some vehicles (e.g. motorcycles), a centrifugal clutch is added to facilitate a neutral stance, which is useful when idling or manually reversing into a parking space.
While it does not take perfect credit to get a decent mortgage, buyers with better credit scores get mortgages with lower interest rates and may be exempt from certain fees during the mortgage process. First-time home buyers should be aware of their credit histories and expect mortgage rates to reflect them.
First-time home buyers at seven-year high. The number of first-time buyers climbing on to the property ladder rose by more than a fifth last year to a seven-year high. A Halifax review said the number of buyers joining the UK property market for the first time jumped by 22% to 326,500 in 2014, which follows a 23% increase the previous year. The average cost of a home bought by a first-time buyer rose 9% to Â£171,870 compared with a year ago. However, the average cost of a deposit for this type of buyer fell 7% over the same period to Â£29,218.