According to the data and research on the demographics of first-time home buyers today, the findings may seem a little worrying. Apparently the average first-time buyer today is seven years older than they were in 1960, and today’s buyer requires as much as £20,000 for a deposit or down payment. Additionally, first-time buyers today are far more likely to be purchasing homes while in relationships with another person rather than being married with only 27 percent of buyers being married today as opposed to 84 percent of buyers being married in 1960.
Now that you've read this are you interested in talking to a mortgage adviser? Fill out the quick form below and you'll be contacted soon by an independent, regulated mortgage specialist for a free no obligation quote.
and £15,000 on your Mortgage
Get a custom rate and see how much you will save
by filling out the quick form below.