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New homebuyers should expect to pay around £400 more per for their mortgage than they would have five years ago, according to new research. Analysis from Rightmove suggests that the average person trying to get on the property ladder for the first-time buyers has seen their repayments rise by 61 per cent in the last five years. Since the last General Election year in 2019, homeowners have seen their mortgage payments jump from £667 to £1,075 a month on average. These calculations are made on various assumptions, including that first-time buyers would have a 20 per cent deposit to put down on a…

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