First-time buyers: ‘Mortgages are so inaccessible now’

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First-time home buyers are having to save up more to take out mortgages. Most lenders are now asking for a deposit of 15% of the house’s value. That’s a big change from six months ago, when it was common for them to offer mortgages with deposits of only 5% or 10%. For thousands of would-be home buyers, that means saving up for several more years.

Video by Jeremy Howell, Sarah Corker and Kate McGough

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