First time buyers in the UK failing to take advantage of low prices and loans, report shows

[Nicholas Wallwork]

Improved affordability means that first time buyers in the UK are more able to take advantage of low property prices and loans but are failing to do so, research shows.

Only 35% of first-time buyers are taking advantage of an easier market and over half say they cannot afford to do so despite monthly mortgage payments as a percentage of income are nearly half that of the level of 2007.

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