The average first-time buyer mortgage payment has significantly outpaced wage growth, which is up by 27% over the same five-year period.
Related topic: First-time buyer
Despite this, 68% of first-time buyers were unsure what shared ownership means.
When interest rates were at lower levels, most buyers with a 10% or 5% deposit found mortgage payments comparable to, or less than, their current rent.
One-in-five buyers are now over the age of 40.
The Conservatives have pledged to make the £425,000 stamp duty threshold permanent.
Patrick Bamford, head of international business development at Qualis Credit Risk, explores what policies the main political parties could put forward in their manifestos to help...
The General Election announcement, a double helping of bank holidays, and stubborn base rates hampered mortgage market activity in May.
65% either defined shared ownership incorrectly or were unable to do so at all.
The average earnings to house price ratio has more than doubled from 4.0 in the 1990s to 8.1 today.
Patrick Bamford, head of international business development at Qualis Credit Risk, argues why it's vital the lending community introduces more 95% LTV and above product options in the...
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