Margate first-time buyers can now buy their first Margate home using 5% deposit mortgages. Yet higher mortgage rates could see Margate buyers paying a lot more each month for the privilege?

With the banks reducing the number of low deposit mortgages since Covid-19 hit in the Spring, this has meant that the number of Thanet first-time buyers has been decreasing quickly, obligingly many of those would-be Thanet buyers wanting to make the first step onto the Thanet property ladder choose to stay in the Thanet rental sector.