Three in five first-time buyers depend on the bank of mum and dad in order to get onto the property ladder, according to research by Just Group. In the last five years, 61 per cent of FTBs relied on financial help from relatives in order to purchase a property. In comparison, just 20 per cent of FTBs relied on financial assistance from relatives 30 years ago.
It's not just homeowners feeling the current mortgage pressure; even tenants are worried that their landlords, facing higher rates themselves, will increase their rent. Our mortgage consultant explores five reasons why mortgages have become such a source of discussion and detail our top tips for not letting mortgage worry get the better of you.
