First-time residence consumers are having to save lots of up extra to take out mortgages. Most lenders at the moment are asking for a deposit of 15% of the home’s worth. That is a giant change from six months in the past, when it was frequent for them to supply mortgages with deposits of solely 5% or 10%. For 1000’s of would-be residence consumers, which means saving up for a number of extra years.
Video by Jeremy Howell, Sarah Corker and Kate McGough
