first‑time buyer

Bank of England chief economist calls for interest rates to be raised - the — Photo by Gustavo Fring on Pexels

first‑time buyer

Are Interest Rates Killing First‑Time Buyers?

Yes, higher interest rates are making homeownership substantially harder for first-time buyers by raising monthly payments, shrinking affordable price bands, and forcing many into rent-to-buy loops. 0.25% is the size of the latest BoE rate increase that adds over £400 to annual mortgage costs for many first-time buyers. Financial

interest rates

Hidden Cost of High Rates for First‑Time Buyers?

Yes, a modest rise in UK interest rates can secretly reduce the total cost of a mortgage for first-time buyers, even though monthly payments climb at first. A 0.5% rise in the Bank of England base rate translates to roughly a 0.4% increase in typical mortgage rates, yet