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 (509 views)
Add Comment
Report Article

No comments have been submitted.

Be the first person to add your comment by completing the form below.

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
Username  
Admin Password
Email Address
Comments

Main Blog | Archive | Add Article | Blog Policies