{"id":73980,"date":"2017-12-07T22:32:27","date_gmt":"2017-12-07T15:32:27","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-timers-face-paying-nearly-50-more-than-other-buyers-for-uk-homes\/"},"modified":"2017-12-07T23:03:34","modified_gmt":"2017-12-07T16:03:34","slug":"first-timers-face-paying-nearly-50-more-than-other-buyers-for-uk-homes","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-timers-face-paying-nearly-50-more-than-other-buyers-for-uk-homes\/","title":{"rendered":"First-timers face paying nearly 50% more than other buyers for UK homes"},"content":{"rendered":"


\nFCA says new buyers may pay far more interest as they have to take out longer mortgages than previous generationsFirst-time buyers could pay nearly 50% more than existing home owners for their property because typically they are spreading their mortgage repayments for longer periods of over 35 years.According to analysis by the Financial Conduct Authority (FCA), which has scrutinised 10 years of mortgage data, taking out a \u00a3200,000 home loan for 35 years rather than 25 years at a 3% interest rate requires \u00a338,723 more (46%) in interest payments. Continue reading…
\n
\nSource : theguardian.com
\nRead more…First-timers face paying nearly 50% more than other buyers for UK homes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FCA says new buyers may pay far more interest as they have to take out...<\/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-73980","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-jfe","jetpack-related-posts":[{"id":102862,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-in-10-uk-first-time-buyers-will-retire-with-mortgages-fca-warns\/","url_meta":{"origin":73980,"position":0},"title":"Four in 10 UK first-time buyers will retire with mortgages, FCA warns","date":"January 11, 2019","format":false,"excerpt":"\r Loans lasting up to 40 years can leave buyers unable to save for pension, say regulatorsFirst-time buyers are taking out jumbo loans on longer terms that will leave four in 10 borrowers paying off their mortgage well into retirement, regulators have warned.The Financial Conduct Authority (FCA) found that 40%\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87089,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-buyers-need-more-help-to-find-cheaper-mortgage-deals-says-fca\/","url_meta":{"origin":73980,"position":1},"title":"UK buyers need more help to find cheaper mortgage deals, says FCA","date":"May 4, 2018","format":false,"excerpt":"\r City regulator suggests making it easier to shop around could save 1 in 3 borrowers \u00a3550 a yearPlans to make it easier for mortgage borrowers to shop around have been proposed by the City regulator, after it found nearly one in three people fail to find the cheapest deal.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":156483,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rules-that-protect-uk-homeowners-from-repossessions-may-be-scrapped\/","url_meta":{"origin":73980,"position":2},"title":"Rules that protect UK homeowners from repossessions may be scrapped","date":"June 26, 2025","format":false,"excerpt":"\r FCA boss says mortgage charter up for review amid pressure from the chancellor to remove red tape for firmsBusiness live \u2013 latest updatesThe City watchdog is considering scrapping rules meant to protect struggling homeowners from having their homes repossessed, in the latest sign of regulators reacting to pressure from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":167373,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-could-rise-by-up-to-4-in-2026-as-interest-rates-fall\/","url_meta":{"origin":73980,"position":3},"title":"UK house prices \u2018could rise by up to 4% in 2026 as interest rates fall\u2019","date":"December 15, 2025","format":false,"excerpt":"\r City watchdog the FCA announces plans to help first-time buyers and self-employed get on the property ladderBusiness live \u2013 latest updatesHouse prices in the UK could grow by as much as 4% next year but getting on the property ladder may become slightly less difficult, according to forecasts from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3209,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eureka-moment-for-homes-or-houses-with-dubai-crowdfunding-platform\/","url_meta":{"origin":73980,"position":4},"title":"Eureka moment for Homes or Houses with Dubai crowdfunding platform","date":"January 31, 2016","format":false,"excerpt":"\r \r Homes or Houses, a company that sources and rents properties for expatriates and foreign buyers investing in UK property, has become the first international firm to raise funds using the Dubai-founded equity crowdfunding platform Eureeca. 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