![Mortgage Rate](/rails/active_storage/representations/redirect/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBMDhsUWc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--8ccfdc4dab44c19a571b201014c428927fc5149c/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2QzNKbGMybDZaVWtpRGpFd01EQjROakF3UGdZN0JsUT0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--1533bc691ffb34aece046c58e82bcf9e58c865f8/mortgage%20rate.jpg)
Bad news in the mortgage market as lenders continue to increase borrowing rates and pull deals.
The results? A record 19% of all loans taken out by first-time buyers in March were for terms of 35 years or longer.
Sadly, this is the only way for many to get on the property ladder: https://bit.ly/42nf0v4
#UKHousingMarket #UKProperty #Mortgages #Lending