FTBs face a nightmare start on the ladder

The annual first-time buyer report by Bradford&Bingley finds 43% of 1,227 individuals questioned have lost some of their ‘bargaining power’ from last year. Moreover, 44% of the first-time buyers (FTBs) questioned still continue to pay off other debts, so 31% claim they have scant or no savings to transfer, so it is a battle to build up a deposit while also paying rent. The high street mortgage provider says close to a quarter of respondents have no savings at all and instead choose 100% mortgage deals. Additionally, 35% of FTBs will fork out for the deposit by taking out a personal l...