Episode Details

First-time homebuyers in the UK are aging, with the average age now at 34. Fewer have children and more rely on multiple incomes. Buyers are willing to make significant compromises, such as sacrificing garden space or moving farther out. Experts attribute this to tough affordability and life changes. Lenders are urged to innovate with flexible products amid rising rates. In the future, buyers may still owe on mortgages at 65, six years longer than today.

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