manchestereveningnews.co.uk
Manchester
record
prevention
information
experts
CEO
Provident
Bill
Manchester
How first-time buyers can get on the property ladder in 2024
Reading now: 589
manchestereveningnews.co.uk
manchestereveningnews.co.ukAnyone who planned to buy their first home in 2023 may have been put off due to the unappealing state of the property market.
The cost of living crisis has put immense pressure on first-time buyers over the last year, with home ownership becoming unaffordable for many.
It comes as the Bank of England chose to repeatedly increase interest rates over the last 12 months in a bid to bring down inflation.
But as the base rate rose to a historical 15-year high of 5.25 per cent, mortgage rates also soared - making monthly repayments hundreds of pounds more expensive for homeowners.
Read more on manchestereveningnews.co.uk
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Report this news
Related News
Celebrities
Locations