First-time buyers with a 15% deposit to put down face paying nearly £200 per month more for a mortgage typically than they did a year ago, according to a property website.
Rightmove said those in this deposit bracket will pay an average of around £1,056 per month compared with £865 last year, due to mortgage rates and house prices rising.
However, it said this is lower than the £1,218 per month that a new first-time buyer would have paid last October, around the time some mortgage rates were peaking.
