‘Mortgages are so inaccessible now’


First-time home buyers are having to save up more to take out mortgages. Most lenders are now asking for a deposit of 15% of the house’s value. That’s a big change from six months ago, when it was common for them to offer mortgages with deposits of only 5% or 10%. For thousands of would-be home buyers, that means saving up for several more years.

Video by Jeremy Howell

BBC News – Business

Source – www.bbc.co.uk

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