Published 11 days ago

Mortgage of first-time buyer tops £1,000 a month as house prices and rates rise

First-Time homebuyers are now paying around £400 more per month for their mortgage than five years ago.
The average first-time buyer's mortgage payment has increased by 61% since the 2019 general election, from £667 to £1,075 per month.
The financial challenge facing Britons trying to buy their first home is underscored by a more than 60% increase in monthly mortgage payments exceeding £1,000.

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The Guardian

Mortgage of first-time buyer tops £1,000 a month as house prices and rates rise

Average monthly payment has risen by 61% since 2019, pushing borrowers into smaller homes or ultra-long loansThe monthly mortgage of a first-time buyer has soared by more than 60% to exceed £1,000 a month since the last general election, according to figures that underline the financial challenge facing Britons trying to gain a foothold on the housing ladder.Over the last five years, the average mortgage payment for a typical first-time buyer in…

12 days ago·London, United Kingdom

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Manchester Evening News

House prices across North West jump by a third in five years as first-time buyer costs rise £400

The average first-time buyer mortgage payment has risen by almost two-thirds since the last General Election year of 2019, according to Rightmove data

12 days ago·Manchester, United Kingdom

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Shropshire Star

Typical first-time buyer mortgage payment ‘has jumped by 61% since 2019’

Someone newly getting onto the property ladder can expect to pay around £400 more per month for their mortgage than five years ago, analysis suggests.

12 days ago·Ketley, United Kingdom

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Evening Standard

Typical first-time buyer mortgage payment jumps 61% outstripping people's earnings

First-time buyers now face paying £227,757 for a home, rising to more than half a million pounds in London, Rightmove said

11 days ago·London, United Kingdom

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The Epoch Times

First-Time Buyer Mortgage Payments Have Jumped 61 Percent in 5 Years

The average first-time buyer mortgage payment has risen by 61 percent since the last UK general election in 2019, according to figures from property search website Rightmove on Monday. Over the last five years the mortgage payment for a typical first-time buyer home has risen from an average of £667 per month to £1,075 per month. Mortgage rates in the UK have steadily increased and remained at the highest rates since the global financial crisis …

11 days ago·New York, United States

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GB News

Mortgage blow as repayments rise by £400 a month 'surging interest rates'

New homebuyers should expect to pay around £400 more per for their mortgage than they would have five years ago, according to new research.Analysis from Rightmove suggests that the average person trying to get on the property ladder for the first-time buyers has seen their repayments rise by 61 per cent in the last five years.Since the last General Election year in 2019, homeowners have seen their mortgage payments jump from £667 to £1,075 a mon…

12 days ago·London, United Kingdom

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