2014 showed an increase of 22% on 2013, with approximately 326,500 buying a home for the first time across the UK. This makes 2014 the best year for first time buyers since 2007.
With mortgage rates becoming more competitive and with the introduction of Help to Buy, purchasers found buying a home to be within reach. The Halifax says that the average deposit dropped by 7% even though house prices were on the up.
Read the full story via the BBC here.
Buy your first home with us
We have a range of homes across our development suitable for first time buyers. Buy with Help to Buy or speak to our Sales Advisors about how we can help you get on the ladder. Our January offers could help, with £5,000 Cash Back at Falcon Park, Settle and Woodland Heights, Keighley and bills paid for a whole year at our development, The Poplars in Bradford.