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First Timers Go For Cheaper 50-Year Loans - Sunday Times January 06

With the number of first-time buyers at a 25 year low, wannabe home owners are considering ever more drastic measures to get on the housing ladder.

Rising prices have pushed many properties out of reach of first-time buyers.

Would-be buyers are so desparate that research from Purley Mortgages, a broker found that some people would be willing to take out a mortgage for 50 years to bring their payments down to an affordable level.