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The Independent UK
The Independent UK
Business
Vicky Shaw

Monthly first-time buyer mortgage payments ‘£350 higher than five years ago’

Rightmove Britain
A view of homes in Hartlepool (Owen Humphreys/PA) - (PA Archive)

First-time buyers face paying £350 more per month on average for their mortgage than they would have done five years ago, analysis by a property website indicates.

A typical first-time buyer in Britain faces paying a mortgage of £940 per month, compared with £590 per month five years ago, according to calculations by Rightmove.

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