A good time for first-time buyers - if you can afford the deposit

Hannah Nemeth

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A drop in mortgage rates over the past few months has resulted in the average mortgage interest payment made by first-time buyers over two years falling by more than £1,300, a new study has revealed.

A drop in mortgage rates over the past few months has resulted in the average mortgage interest payment made by first-time buyers over two years falling by more than £1,300.

The average payment fell from £11,327 in the first three months of 2015 to £10,019 in the same period in 2016, according to research by AmTrust International, Mortgage and Special Risks.

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Source Moneywise http://ift.tt/29smULf