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First-time buyers spend over one third of earnings on mortgage

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  • First-time buyers spend over one third of earnings on mortgage

    Figures from the Council of Mortgage Lenders have established that mortgage repayments are swallowing up 35% of young people’s disposable monthly income. Financial advisers warned that large mortgages are ‘a disaster waiting to happen’. The figures show the worrying financial pressure on young first-time buyers. Increasing utility bills and the rise in other household bills are [...]

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