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MSE News: The first-time buyer mortgage conundrum
Former_MSE_Guy
Posts: 1,650 Forumite
This is the discussion thread for the following MSE News Story:
"First-time buyers (FTBs) who've got on the housing ladder are spending less of their income on servicing mortgage debt but many other wannabe homeowners are still struggling ..."
"First-time buyers (FTBs) who've got on the housing ladder are spending less of their income on servicing mortgage debt but many other wannabe homeowners are still struggling ..."
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Comments
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Sorry being thick - whats the conundrum??Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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Does anyone ever remember a time when it was easy for FTB's ?Space available for rent0
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10-15 years ago it was a lot easier. Heck, even 7 years ago my parents sold a house for less than 3 times my salary. Where I live I now, a 2-bed flat would be over 10 times my salary :eek:
Anyhow, this article ignores the cost of repaying the capital - it only looks at the interest. If this was included the numbers would look a lot more horrific.0
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