Revealed in a new study the average age of first time buyers

January 26, 2012

CIA Let Property Blog

Two of the largest banks in the UK have looked into their applications for mortgages and have found the average age for first time buyers at this moment in time to be 30.

The two banks, Clydesdale and Yorkshire banks are part of the few lenders in the UK that still offer 95% mortgages to first time buyers.

  • 33% Under 25
  • 32% Between 26-30
  • 16% Between 31-35
  • 9% Between 36-40
  • 11% Over 41
 Fewer first time buyers are able to afford to get a mortgage and the ones who can are changing their insurance policies to landlord insurance so they can let out their homes and make money.
 Steve Reid, retail director for Clydesdale Bank has said:
“We remain committed to supporting first time buyers and have a range of competitive products to help them throughout the process. We are proud that we are helping buyers of all ages to buy their dream home and take their first step on the property ladder.”*
*Quote from Simple
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