The proportion of first-time buyers who took out marathon mortgages nearly quadrupled in the first half of this year.
Taylor Wimpey said 27% of first-time buyers who bought one of its properties took out a mortgage with a term of more than 36 years, compared with 7% in the first six months of 2021.
The developer, one of the big four housebuilders, reported yesterday that home sales had fallen by 25% to 5,120 because of high mortgage rates.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
