Rising living costs put squeeze on first time buyers despite mortgage costs falling to 2003 levels


Rising living costs put squeeze on first time buyers despite mortgage costs falling to 2003 levels

A new Ability to Buy Index from RBS paints a mixed picture for first time buyers in Britain.

Economic Analysis

30 January 2012

While average mortgage payments have fallen to 2003 levels, it is now more difficult for first-time buyers to get a foot on the housing ladder than during the 2009 recession.

Download the full report:

Rising living costs put squeeze on first time buyers despite mortgage costs falling to 2003 levels - new RBS index shows (PDF 522KB)

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Housing

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