- New first-time buyers face double whammy of house price and rate rises
- Higher house prices alone add £75 to typical first-time buyer monthly costs compared
to last year. Interest rate increases bring this up to almost £120
- Locking into a fixed rate loan this time last year would have saved a typical first-time
buyer £170 to date, with further monthly savings of £50 at current mortgage rates
- More first-time buyers choose longer-term and interest-only mortgages which can cut
more than £300 off monthly payments
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