Average mortgage for UK first-time buyer hits record high of £210,800
People able to buy homes previously beyond budget, aided by rising wages and looser affordability testsFirst-time buyers are taking out larger mortgages than ever before as rising wages and looser affordability tests allow them to buy properties that were previously beyond their budget.The average...
<p>People able to buy homes previously beyond budget, aided by rising wages and looser affordability tests</p><p>First-time buyers are taking out larger <a href="https://www.theguardian.com/money/mortgages">mortgages</a> than ever before as rising wages and looser affordability tests allow them to buy properties that were previously beyond their budget.</p><p>The average first-time buyer borrowed £210,800 in the year to September, a record high, according to analysis by Savills, the property agent.</p> <a href="https://www.theguardian.com/money/2025/dec/15/average-mortgage-for-uk-first-time-buyer-hits-record-high">Continue reading...</a>
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