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As getting your foot on the home owning ladder becomes ever more difficult the average age for a first time buyer is now 38 years old. In London it is 43. A recent report by a leading comparison website says, 31% of Britons that’s 6million people, do not expect to buy a property. There are [...]

4 in 10 mortgage holders in the UK do not have their mortgage covered by life assurance, data from Sainsbury’s Life Insurance shows. With the average outstanding mortgage of £108,819* this is a worrying thought. The vast majority are 18 to 24 year olds, with the next highest category being 25 to 34 year old [...]

A major case in which over 300 borrowers took High Court action against Barclays and Lloyds Banking Group over unfair mortgages is approaching its climax.

The number of deals on offer has risen by 66% this year, from 1,414 in January to 2,351 now, says the financial information service Moneyfacts. However, 58% of the deals available still require a deposit of at least 25% of the home being bought.

Property is now affordable for first-time buyers in nearly four out of 10 areas of the UK. Cold comfort for Graham Saunders, 28, and his girlfriend Carlie Shaw, 30, who are would-be first-time buyers from Crewe. They have a combined annual income of £48,000.