First time borrowers are having to a borrow massive amount of a properties value in order to get a foot on the ladder.
According to John Charcol first time borrowers take an average of 9% more of the property value in a mortgage than repeat buyers, meaning their deals are potentially high risk.
People looking to get a foot on the property ladder also have to borrow an average of three and a half times their household income in order to buy a house.
If you're a first time buyer make sure you don't take on more than you can handle or you'll end up experiencing serious repayment problems.