{"id":145435,"date":"2024-06-24T12:00:23","date_gmt":"2024-06-24T05:00:23","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-of-first-time-buyer-tops-1000-a-month-as-house-prices-and-rates-rise\/"},"modified":"2024-06-24T12:21:36","modified_gmt":"2024-06-24T05:21:36","slug":"mortgage-of-first-time-buyer-tops-1000-a-month-as-house-prices-and-rates-rise","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-of-first-time-buyer-tops-1000-a-month-as-house-prices-and-rates-rise\/","title":{"rendered":"Mortgage of first-time buyer tops \u00a31,000 a month as house prices and rates rise"},"content":{"rendered":"


\nAverage monthly payment has risen by 61% since 2019, pushing borrowers into smaller homes or ultra-long loansThe monthly mortgage of a first-time buyer has soared by more than 60% to exceed \u00a31,000 a month since the last general election, according to figures that underline the financial challenge facing Britons trying to gain a foothold on the housing ladder.Over the last five years, the average mortgage payment for a typical first-time buyer in Great Britain has risen by 61% to \u00a31,075 a month, up from \u00a3667 in 2019, according to the property website Rightmove. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Mortgage of first-time buyer tops \u00a31,000 a month as house prices and rates rise<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Average monthly payment has risen by 61% since 2019, pushing borrowers into smaller homes or...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-145435","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-BPJ","jetpack-related-posts":[{"id":142236,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-rise-at-fastest-rate-since-january-2023\/","url_meta":{"origin":145435,"position":0},"title":"UK house prices rise at fastest rate since January 2023","date":"February 7, 2024","format":false,"excerpt":"\r Lower mortgage rates lead to increased buyer and seller confidence, says HalifaxBusiness live \u2013 latest updatesUK house prices rose 2.5% in the year to January, recording the biggest increase since January last year, as lower mortgage rates and fading inflationary pressures led to increased buyer and seller confidence, Halifax\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124312,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-uk-first-time-buyer-is-now-older-than-30-says-halifax\/","url_meta":{"origin":145435,"position":1},"title":"Average UK first-time buyer is now older than 30, says Halifax","date":"January 22, 2022","format":false,"excerpt":"\r Average age is highest in London, at 33, as numbers rise at record rate despite surging house pricesThe average age for joining the property ladder in Britain has risen to above 30 in every region of the country, as surging house prices mean first-time buyers must save for longer\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110801,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/us-long-term-mortgage-rates-rise-but-remain-historically-low-as-global-economic-slowdown-trade-war-weigh-on-sentiment\/","url_meta":{"origin":145435,"position":2},"title":"US long-term mortgage rates rise but remain historically low, as global economic slowdown, trade war weigh on sentiment","date":"September 16, 2019","format":false,"excerpt":"\r Long-term United States mortgage rates rose this week, but remained at historically low levels.Mortgage buyer Freddie Mac said on Thursday the rate on the 30-year, fixed-rate mortgage increased to 3.56 per cent from 3.49 per cent last week. Average rates on the benchmark loan have remained below 3.6 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115951,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-applications-rise-signaling-a-potential-turn-in-buyer-confidence\/","url_meta":{"origin":145435,"position":3},"title":"Mortgage applications rise, signaling a potential turn in buyer confidence","date":"April 29, 2020","format":false,"excerpt":"\r CNBC's Diana Olick reports on the latest mortgage applications data.\r \r Source : cnbc.com\r Read more...Mortgage applications rise, signaling a potential turn in buyer confidence","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130772,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-rise-in-october-despite-economic-turmoil\/","url_meta":{"origin":145435,"position":4},"title":"UK house prices rise in October despite economic turmoil","date":"October 17, 2022","format":false,"excerpt":"\r Average price of a property coming to market up 0.9%, says Rightmove, but first-time buyer demand has droppedAsking prices for houses in the UK edged higher in October, although demand from first-time buyers has dropped as mortgage rates surge.Despite the economic turmoil since the government\u2019s mini-budget last month, there\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130655,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-rates-are-soaring-heres-what-you-need-to-know-as-a-first-time-buyer\/","url_meta":{"origin":145435,"position":5},"title":"UK mortgage rates are soaring: Here's what you need to know as a first-time buyer","date":"October 10, 2022","format":false,"excerpt":"\r As the U.K. mortgage sector has been in turmoil, what do first-time buyers need to keep in mind as they buy their property.\r \r Source : cnbc.com\r Read more...UK mortgage rates are soaring: Here's what you need to know as a first-time buyer","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/145435"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=145435"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/145435\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=145435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=145435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=145435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}