It is the dream of the majority of young people in the UK to eventually own their own home, even if this means taking out a large home owner loan or mortgage in order to do so. But a new report has shown that the average age of a first time buyer is now 37. The high cost of buying a property, along with the lack of availability of cheap loan products for first time buyers and high deposit requirements to meet lender’s maximum loan to value criteria, has forced many would be home owners to postpone their dream of home owner ship for several years
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Average First Time Buyer Now Aged 37
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