Saturday, Jan 06, 2007
Without parental help FTBs would be extinct
Firstrung: First time buyers aided by four million parents to climb onto the 'first-rung'
The average house price in the UK in October 2006 for first time buyers now stands at £153,083 which is an annual increase of 8.5%.
First-time buyer income multiples in October were 3.27 times the average income, according to the Council of Mortgage Lenders (CML). The average new mortgage for first time buyers has now reached £111,465. The average age of a first-time buyer is 29.
Posted by converted lurker @ 12:33 AM (175 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.