Select Page
Home » News » News » First time buyer comparison – 1994/5 vs 2014/15 from your Cambridge Mortgage Broker

The result of a recent housing survey conducted the government revealed that 27% of First Time Buyers were helped by “the bank of mum and dad” towards their first home purchase[1]. The figure 20 years ago was 20%. The other most popular means of acquiring their deposit by inheriting or by teaming up with a partner to purchase their first home together.

In 10 years, the number of people buying their first home has dropped by ⅓ despite government schemes designed to help first time buyers such as the Help to Buy scheme.


First Time Buyer Comparison[1]
  1994/95 2014/15
Average Age 30 33
Single Buyers 29% 14%
Couple Buying Together 63% 80%
Got Help from Friends/Family 21% 27%
Used Inheritance 3% 10%
Total First Time Buyers 857,000 564,000


We are your local Mortgage Broker in Cambridge. Please contact us to discuss your mortgage requirements further.


We can visit you

Let us know when is convenient to call round

You can visit us

Come to see us in Cambridge, we have parking

We can call you

Arrange to discuss everything over the phone

We are proud to be members of these organisations