Blog Post

First-time buyer mortgages

TomS - Head Tom Simper Feb 10, 2021, 12:00 PM

First-time buyer purchases fell by -13% in 2020, the result of a closed housing market in spring and stricter mortgage lending. First-time buyer transactions recovered in the second half of the year, down just -2% on the same period in 2019.

The average price paid by a UK first-time buyer in 2020 was £256,057, a 10% annual increase. Deposits also increased, the average first-time buyer deposit in 2020 was £57,278, a 23% annual increase.


Despite the need to raise an even bigger deposit, first-time buyers accounted for half of all homes purchased with a mortgage, in line with 2019 (51%) and 2018 (50%).

Source: Dataloft, Halifax, UK Finance. * Halifax region of East Anglia is similar to East of England and North is similar to North East.

Load more comments
Thank you for the comment! Your comment must be approved first

"Fantastic service by Emily and the team at Peter Anthony"

- Jason


- Michael Jones

"Very Professional"

- Andy Parr

"Everyone at Peter Anthony, especially Gill, Laura and Ben have been helpful from the beginning to the end"

- Gabriella

"Would recommend Peter Anthony as they was very professional"

- Kyle

"Supported throughout Service"

- Mrs Latham

"Brilliant Service"

- Deborah Kane

"Energetic Sales Performance"

- Caroline Wilde