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The findings are based on first-time buyer households with outstanding mortgages at 80percent of the property value. Monthly mortgage payments are taking a larger bite out of typical first-time buyer household outgoings, writes Laura Howard. Again, the six-month average for remortgages is 45,938 approvals at a value of 9.4 billion. A homeowner with a 200,000 repayment tracker mortgage over 25 years will see their monthly payment rise by around 50 from 1,052 per month to 1,108.
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