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Loans Latest News First time buyers further away from owning own home
Loans Latest News First time buyers further away from owning own home First time buyers further away from owning own home
Home ownership has become even more inaccessible to first-time buyers despite the prolonged fall in house prices, figures released today by the Royal Institution of Chartered Surveyors will show. Rics said that, while this year's falls in house prices should have helped people to get on to the property ladder for the first time, the dwindling number of mortgages available to buyers with little or no deposit has completely negated the impact of a falling market. Rics calculates that the average first-time buyer now has to find £27,738 to fund the cost of a deposit, stamp duty and legal fees on the purchase of the typical home. This represents more than 100 per cent of the combined annual take-home pay of a couple in the lowest-earning 25 per cent of the population.
Thursday, 10 July 2008 09:26
Top 5 Personal Loans
|
Loan |
Representative APR |
Min Loan |
Max Loan |
Min Term |
Max Term |
Representative Example |
Apply |
|---|---|---|---|---|---|---|---|
| View Full Table > | |||||||
 |
6.1%
|
£7,500
|
£15,000
|
1 Year
|
7 Years
|
Representative Example: £7500 borrowed over a period of 5 years at 6.1% (fixed) equals monthly repayments of £145 and a total amount repayable of £8,721. There are no other charges included in the total charge for credit.
|
|
 |
6.1%
|
£7,500
|
£14,999
|
1 Year
|
10 Years
|
Representative Example: £7500 borrowed over a period of 5 years at 6.1% (fixed) equals monthly repayments of £145 and a total amount repayable of £8,721. There are no other charges included in the total charge for credit.
|
|
 |
6.4%
|
£7,500
|
£14,999
|
1 Year
|
5 Years
|
Representative Example: £7500 borrowed over a period of 5 years at 6.4% (fixed) equals monthly repayments of £146 and a total amount repayable of £8,784. There are no other charges included in the total charge for credit.
|
|
 |
6.9%
|
£7,000
|
£14,999
|
1 Year
|
6 Years
|
Representative Example: £7000 borrowed over a period of 5 years at 6.9% (fixed) equals monthly repayments of £138 and a total amount repayable of £8,297. There are no other charges included in the total charge for credit.
|
|
|
|
7.9%
|
£15,000
|
£20,000
|
1 Year
|
5 Years
|
Representative Example: £15000 borrowed over a period of 5 years at 7.9% (fixed) equals monthly repayments of £303 and a total amount repayable of £18,206. There are no other charges included in the total charge for credit.
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