The proportion of first-time buyers is set to rise slightly this year, but they could face a narrower choice of properties due to a lack of first-time sellers, a study suggests.
Low to middle income earners will not see their disposable income approach pre-recession levels until 2020 at best, a report from think-tank the Resolution Foundation warned today.
More than a third of people have cut back on their food spending in the last year to help cover their rent or mortgage costs, showing the "tough" choices faced by families, housing charity Shelter has said.
Mortgage payments for new borrowers have reached their most affordable levels for 14 years, but only for those lucky enough to qualify for a home loan, research from lender Halifax has found.
16 January 2012
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