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'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)
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