First-time buyers rush to the market with savings

Fri 19 Nov 2021

The amount of first-time buyers has risen to levels that we haven’t seen in ten years.

Despite the average house price rising to a record high, this hasn’t deterred first-time buyers, as over 210,000 bought their first home in the initial six months of 2021, according to Halifax.

During the several national lockdowns, many people were able to save more than usual, allowing them to get on the property ladder quicker than anticipated. Alongside this, the bank of parents has played a large part in helping first-timers, as the average buyer is now wealthier due to bigger deposits from parents.

At Oulsnam, we’re always on hand with over 50 years of experience to help first-time buyers. Why not get in touch with us today, and see how we can assist you with the start of your property journey?