A report by the housing charity Shelter has shown that first time buyers are suffering the "hardest ever battle" to get into the property market.
Whilst the average property price has jumped 200% over the last 10 years, average salaries have increased only 53%. And whilst house prices are now falling lenders are no longer offering 100% mortgages, meaning first time buyers must put down at least a 5% deposit and up to 25% o get the best deals.
Ten years ago monthly mortgage repayments accounted for £1 in every £8 of family income, whereas now that figure has increased to £1 in every £5.
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