UK first-time buyer mortgage payments rose 61% since 2019 to £1,075 per month due to higher house prices and mortgage rates.
UK first-time buyers' mortgage payments have risen by 61% since 2019, increasing from £667 to £1,075 per month due to higher house prices and mortgage rates. The average asking price for a first-time buyer home has risen by nearly 19% to £227,757. First-time buyers in London now face the highest average asking prices, followed by the South-East of England, while those in the North-West of England experienced a 33% rise in house prices since 2019.
June 23, 2024
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