5 October 2014
With market conditions continuing to make it difficult for would-be home owners to get on the ladder, the average age Britons expect to be able to buy their first property is now 38 years old, according research from moneysupermarket.com.
Individuals who currently do not own property were asked at what age they expected to be able to buy and how they planned to pay for the deposit on their new home.
Some 31% (six million Britons) claimed they did not intend to buy a property a
The number of mortgage products available to first-time buyers currently stands at just 1581, a fraction of the 14,940 available in pre-crunch Britain in July 2007.