First-time buyers are looking for more flexible ways to borrow, but the market is not always meeting these needs, brokers say.

The stamp duty changes will boost stamp duty receipts by over £1.1bn annually.

Gen H has reduced two and three-year products by up to 0.15%.

Brokers told Financial Reporter how changing communication needs, internet research and a more complex mortgage market are impacting their interactions with first-time buyers.

First-time buyers made up 54% of all home purchases made with a mortgage last year, the biggest majority on record.

A number of the reductions are specifically aimed at supporting first-time buyers and come with £500 cashback.

Solo prospective buyer demand increased by 11% in 2024.

In London, where property prices are highest at £535,700, buyers could save up to £11,250 by purchasing before April.

Despite rising choice, average rates across two and five-year fixes at 95% LTV are higher than at the start of 2025.

January 2025 was the sixth busiest month ever for mortgage search activity by first-time buyers.