Skip to main content

Hope for first time buyers

Sep 18, 2017


The latest quarterly First Time Buyer Index published by Aldermore, reveals that the outlook for first time buyers is slowly becoming more optimistic. 

A large proportion of first time buyers believe it is still very difficult to get on the ladder but this has started to shift according to latest figures.

Currently 35% of first time buyers believe buying their first home will be extremely difficult in comparison to 39% in 2016. In addition, as the market begins to flatten, rising property prices are no longer seen as such a barrier, with a 10% decrease in those who consider it the biggest obstacle to buying their first home-37% found this to be the biggest barrier in 2016 compared to 27% in 2017.

Raising a deposit and property prices continue to be the biggest concern for first time buyers across the UK although  this perception differs across the country: 45% of first time buyers in the East of England believe raising a deposit is the biggest barrier compared to 26% in London, whereas 33% of first time buyers in the South East believe finding an affordable property and rising house prices are the biggest obstacles compared to a 19% in the North East.

Original source -

Our Savings Rates

Compare Now >

Mortgage Calculator

Find out how much you could borrow today Start now >