20.03.2012 - Bank of England house prices paper is grim reading for first-time buyers
The big story in the housing market during the Great Recession and its aftermath has been the absence of first-time buyers. That's hardly surprising given that the days of 100% and even in some cases 125% mortgages are a thing of the past. New entrants into the housing market now have to find a sizeable deposit to get a foot on the property ladder and building up a pot of savings (unless you have access to the bank of mum and dad) is a real slog, made even more difficult by falling real incomes and the need to pay off student debt...............................................Full Article: Source
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