First-time buyers now make up the majority of home
purchases bought with a mortgage in the UK, figures show. The Halifax bank said
the last time such a situation existed was 1995. Its research found Pendle in Lancashire
and Copeland in Cumbria were the most affordable areas, with homes costing 2.6
times local earnings on average. An average deposit of £32,841 is required to
get on the property ladder in the UK, but first-time buyers in London need to
find £110,656. Read more on the BBC website.
‘16 years later, I’m not unhappy’: the rise of Britain’s multigenerational
flatmates
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Fewer under-25s leaving home, and older renters being priced out of
ownership or solo renting, is fuelling a change in house-share demographics
When Nico...
21 hours ago
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