Majority of UK first-time buyers report higher mortgage payments than previous rent
The Guardian · October 19, 2026Original source ↗
What happened
Hamptons reported that 56% of first-time buyers in the UK are now paying more for their monthly mortgage than they did for rent. This is the highest percentage recorded in at least a decade, with buyers paying an average of £39 more per month.
Why it matters
This trend may impact housing affordability and financial planning for individuals entering the property market.
How this story affects people
How does this story affect you if you are a first-time homebuyer in the UK?
You are likely facing higher monthly payments than you did for rent, which can strain your budget and financial planning. This increase in mortgage costs could limit your ability to save for other expenses or investments.
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