Mortgage-rate increases see first-time buyers shelling out thousands extra 

In just two years, first-time buyer monthly payments are up over €100, around €46,000 extra in the lifetime of a 35-year mortgage

Data from the Banking and Payments Federation found first-time buyers are now paying around €110 more than in early 2020. 

New mortgage applicants are shelling out over €1,300 more than those who secured loans pre-pandemic.

And that figure does not take into account further rises that have resulted from European Central Bank interest rate hikes.