First Time Buyers - It Just Gets Worse
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The UK housing market currently faces an uncertain future. With the housing crisis in the US threatening to spread across the Atlantic the outlook is uncertain for first time buyers in the UK. Currently the average first time buyers’ property price is around £160,000, a figure that forces many to forget about getting their foot on the bottom of the housing market ladder for a few years.
Despite recent Interest rate cuts, the global credit crunch and uncertain economic outlook are keeping the costs of mortgages high, causing a firm barrier to entry for first time buyers. Finding a competitive deal is proving tricky, especially as many 2nd or 3rd time buyers have the advantage of using equity released from recent house price inflation […]
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