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Read our latest research on first-time homeownership

We unpack the current state of play for first-time buyers, comparing their experiences to those of older generations, and consider how the pandemic, saving challenges and wealth gaps are shaping young adults' lives today.

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More than 1 in 10 first-time buyers weren't able to save at all during the pandemic

On average, first-time buyer saved £6,184 during the pandemic, but for many, saving wasn't possible at all: ¼ of first-time buyers earning less than £15,000 a year saved no money at all during the pandemic.

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1 in 5 first-time buyers will delay having kids because they want to own a home first

For younger first-time buyers, this rises to 31% who expect to delay having children until they can buy a home, and 29% also said they will delay other important life events and financial decisions for the same reason.

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83% of homeowners feel that first-time buyers face more difficulty than they did

All age groups surveyed agreed that young people today face a steep challenge, with 53% of higher earning homeowners feeling guilt about the generational wealth gap. Unsurprisingly 70% of younger generations feel jealous of older people.

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Almost half of first-time buyers get help from family to buy their home

Generational support looks set to boom in 2022. 84% of homeowners stated that they would be happy to help their children onto the ladder if they could afford it, and 93% of first-time buyers would accept a gift or loan to buy a home.

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