Related topic: Deposit

The average value of home movers’ deposits fell -24.8% year-on-year, despite the average purchase price rising 1%.

New research shows solo first-time buyer mortgages remain almost a decade away for many, with brokers facing longer client saving timelines.

The number of young adults living with their parents has reached its highest level in almost 30 years.

73% of aspiring homeowners feel ‘locked out’ of the property ladder, with nearly half saying high rents are preventing them from saving.

Homeowners continue to adapt to market conditions, with 42% saying they are now more likely to lock in their remortgage rate early.

New data from Mojo Mortgages’ First-Time Buyer Sentiment Survey 2026 has underlined the personal sacrifices made by FTBs to hit deposit goals.

Previously, the Bank required customers who were buying a property in this way to contribute a minimum 5% deposit from their own personal funds.

Mortgage Advice Bureau has found that 4 in 5 buyers are unaware of low deposit options and alternative mortgage products.

The mortgage is available to first-time buyers on homes up to £300,000.

Home hustles considered range from gardening (20%) and selling personalised items (19%) through to peddling used socks or even becoming a ‘social media witch’.