First-time buyers struggle with mortgage costs
This is a news story, published by BBC UK, that relates primarily to Nationwide news.
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high mortgage ratesBBC UK
•First time buyers spending 40% of pay on mortgages
79% Informative
People buying a house for the first time are spending 37% of their take-home pay on mortgage.
Figure is well above the long-term average of 30% for first time buyers.
House price growth picked up in the year to July as wages rose, Nationwide said.
Bank of England is widely expected to cut interest rates at some point this year .
VR Score
91
Informative language
96
Neutral language
81
Article tone
semi-formal
Language
English
Language complexity
40
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
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