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flag UK first-time buyers face soaring mortgage costs, outpacing wage growth, prompting regulatory review.

flag UK first-time homebuyers now face an average monthly mortgage cost of £940, up from £590 five years ago. flag Despite a 30% rise in wages, home prices have only increased by 17%, making Kilmarnock, Scotland, the most affordable area with a home price of £84,325. flag The Financial Conduct Authority is considering changes to mortgage rules to help buyers with smaller deposits.

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