Over 1.3 million non-homeowners hope to pay less than the average house price for their first home, new research reveals.
Alliance & Leicester Mortgages quarterly Moving/Improving Index claims first-time buyers are in a bargain hunting frame of mind, as three in four (75%) who are currently renting or living at home with their parents are setting their sights on buying a property costing less than £184,152, the current national average. This compares to nearly 300,000 first-time buyers in the UK who plan to spend over the national average house price on their first home, says the lender. It claims 15% of prospective new buyers, who are currently renting or living at home with their parents, plan to spend be...
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