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Evening Standard
Evening Standard
Business
Anna White

Mortgages for first-time buyers: a guide to buying property amid rising interest rates

Even in a competitive mortgage market, there are options for first-time buyers who have saved a deposit

(Picture: Matt Writtle)

Amid record-high inflation and escalating costs of living, the Bank of England raised interest rates again last week.

Rates have edged up six times since December from a historic low of 0.1 per cent to 1.75 per cent, to curb escalating inflation and the cost of goods. The most recent increase is the first half point rise for 27 years.

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