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BBC UK

First time buyers spending 40% of pay on mortgages

BBC UK
Summary
Nutrition label

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

Affiliate links

no affiliate links