2025 – Year of the first time buyer

26-Aug-2005

For aspiring homeowners currently finding it difficult to get onto the first rung of the property ladder, things are finally improving.

Click here for our first time buyers guide to buying a property

Although many still find it very difficult to get onto the first rung of the property ladder, new figures suggest that there will be a continued improvement in the availability of property for first time buyers over the next 20 years.

And according to the research from the Woolwich, 2025 will be the culmination of years of work and will see aspiring first time buyers with a much more favourable market.

While that may seem a long way off for most of today's aspiring homeowners, the report shows that things are beginning to get better for aspiring homeowners, with changes such as the cut in interest rates and the government's drive to build more affordable homes all working together to provide aspiring first time buyers with a better opportunity to get onto the property ladder.

Click here for advice on first time buyer mortgages or to find out how much you can borrow and how much it will cost you, from the UK’s leading High Street Brokers, Bradford and Bingley

As Andy Gray, head of mortgages at the Woolwich, points out: "Increased availability and affordability of houses mean that things are looking up for first-time buyers."

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