Skip to main content

Hope for first time buyers

Sep 18, 2017

houses-header

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 - http://www.aldermore.co.uk/about-us/newsroom/2017/09/annual-data-reveals-glimmer-of-hope-for-first-time-buyers/

Our Savings Rates

Compare Now

Mortgage Calculator

Start now >

Online Enquiry.

Click Here >

Let us call you back.

Click here >