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.
Eight in 10 homes in London’s poshest postcodes now sell below asking
price, Coutts finds
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Sellers in areas such as Belgravia and Mayfair face hundreds of thousands
of pounds in losses as property prices fall
Eight out of 10 properties in Londo...
9 hours ago
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