First-time buyer funding
13th November 2023
The average deposit paid by a first-time buyer was £43,693. Perhaps unsurprisingly, almost two-thirds (63%) were in the top 40% income bracket.
Just over two thirds (68%) of first-time buyers paid less than a 20% deposit, while a fortunate 5% were mortgage-free.
85% reported funding the purchase of their first home with savings, whilst 27% received help from family and friends and 8% used inheritance.
Despite high costs, first-time buyers accounted for 53% of all home moves in Q3, the highest proportion in over a year. With increasing stability and the likelihood of mortgage rates coming down, more first-time buyers may enter the market in the coming months. Source: #Dataloft, English Housing Survey 2021/22, Really Moving
The Tenant Shortlist: A New Lettings Trend Landlords Should Know
18th February 2026
For years, rental success was often measured by one simple metric. How many enquiries did a property receive. The more…
Five Quick Fixes to Keep Rental Properties Mould Free in Wet Weather
18th February 2026
You have probably seen the news that it has rained somewhere in the UK every day so far this year….
From Party Pads to Pinterest Kitchens: What Student Tenant Behaviours Have Shifted
18th February 2026
Forget Beer Fridges. Today’s Tenants Want Kitchen Islands. The rental market has not just shifted in price and regulation. Tenant…
