Although mortgage rates and house prices are starting to settle, the escalating cost of homeownership continues to put a strain on affordability.
This appears to be the main barrier for some who are hoping to get onto the property ladder, but data from UK Finance suggests that as well as extending mortgage terms to improve affordability, first-time buyers with higher incomes are entering the market in greater numbers.
Mortgage Solutions wants to know if brokers are seeing more first-time buyers clients with higher incomes compared to those with average earnings.
In the last 12 months, have you seen more first-time buyer clients who are on higher incomes?
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
