Overview

• Average monthly mortgage payments for first-time buyers have increased from £667 to £1,075.
• House prices for first-time buyers have risen by 19% to £227,757 in the same period.
• Interest rates for five-year fixed mortgages with a 20% deposit have more than doubled.
• Regional disparities show the North West with a 33% increase in asking prices, while London saw a 6% rise.
• Experts urge the next government to implement policies to support first-time buyers facing these financial pressures.