Concerns are growing that the average age of a typical first time buyer in the UK is increasing significantly, to the level whereby they may not be able to get a traditional home owner loan or mortgage due to their age. Back in the 1960’s the average age of a first time buyer with a home owner loan was 27, according to statistics from the Post Office. However, this has now increased to 38 across the UK, or even age 43 if someone is wanting to live in London, according to figures from moneysupermarket.com.
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Buyers Getting Too Old For A Home Owner Loan
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