Phil Pascoe
Established Member
My daughter and her partner, both 27, bought their first house a couple of years ago. A small end of terrace, a typical first time buyer's property. They've just had to negotiate a new mortgage, and the repayments have gone up ................................. by £236 a month. They can afford it, but it'll leave them hamstrung to do much else, and it doesn't look like this'll be the last increase. Large scale repossessions seem to be looming.