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gruffydd

First Time Buyers Costs Hit Record

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http://business.guardian.co.uk/story/0,,1839959,00.html

First-time buyers' costs hit record

Angela Balakrishnan

Wednesday August 9, 2006

The Guardian

First-time home buyers are shelling out record amounts to get a mortgage, the Council of Mortgage Lenders said yesterday, as soaring house prices increase the difficulty of getting on to the property ladder. The average first-time buyer paid 3.21 times their income in June to take out a new loan, up from 3.20 in May and 3.06 in the same month last year. The data coincided with Nationwide revising its forecast for house price rises for 2006 to 5% from the 0-3% predicted in December.

etc.

Edited by gruffydd

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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