Summary
The problems of first-time buyers trying to get on to the housing ladder are well known, but now it seems rising property prices are hitting homeowners who are looking to trade up in a second move.
With the average house now costing nearly Pounds 185,000 up from Pounds 119,000 just five years ago half of secondtime buyers wanting to move upwards cannot afford to do so, according to research by Abbey.See the full content of this document
Extract
Trading Up Is Getting Too Costly
The average mortgage for a firsttime buyer in 2005 was Pounds 90,328. But the average mortgage for those moving house was just ove...
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