● New research reveals 83% of active first-time buyers were offered no financial support from mum and dad.
● 82% admit they struggled to raise the deposit and upfront costs for their home.
● House prices are showing signs of dropping as more lenders begin rolling out 90% LTV mortgages this month.
Saffron Walden, 29 January 2021
Just as reports are released showing that house prices are beginning to drop in the UK following the unexpected increases, against all predictions, during the pandemic, it appears first-time buyers are still struggling to raise that all-important deposit.
New research with 500 first-time buyers in the UK - actively looking for their first home - 82% had found it difficult to raise the deposit and upfront costs of a mortgage. The survey, commissioned by Saffron Building Society between 15th-18th January 2021, via FindOutNow, also found that 83% of those currently house-hunting had been offered no...