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ibtimes.co.ukRightmove analysis of May listings found average asking prices for typical first-time buyer homes rose sharply in several northern and Scottish towns while falling in parts of the south. The national average price stood at £228,048, down 0.7% from a year earlier.
The IndependentLloyds analyzed mortgage data to find locations where first-time buyers average 27 years old. The study also listed the least expensive areas for first-time purchases across the United Kingdom.
The IndependentLloyds Bank will offer a five-year fixed-rate mortgage requiring only a £5,000 deposit on properties up to £300,000, available from May 18 through Lloyds, Halifax and brokers. The product targets renters who can afford monthly payments but struggle to save larger deposits, with b…