More than half of first-time buyers in the UK are now paying more each month toward their mortgage than they previously paid in rent, according to a report from the estate agent Hamptons. The figure, the highest in at least a decade, comes as the average cost of a five-year fixed-rate mortgage hit 6% for the first time in three years, driven by bond market volatility linked to the conflict in the Middle East.
company
Hamptons
British estate agency