Wednesday, Dec 20, 2006
FTBs need mortgages 14% greater than last year
Firstrung: First time buyer mortgage needs up 14.05% percent on a year ago
Over the 12 months to November 2006, the average first-time buyer property value searched against on Moneyextra.com's mortgage comparison tool rose by 14.05 per cent to £182,113 - that's more than twice the rate of property price inflation across the whole housing market. It compares with a rise of just 6.27 per cent to an average £268,201 for those looking to move to a new home (which is actually down by a marginal £307 on October 2006).
Posted by converted lurker @ 11:24 AM (164 views) Add Comment
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