20 May

Househunters expect to buy property for sale in London by age 43

Househunters expect to buy property for sale in London by age 43

People considering buying property for sale in London have altered their expectations of when they expect to own their own home, according to a study by moneysupermarket.com.

The survey revealed that people most of the country believe they will buy their first home at the age of 38, although those buying houses for sale  in London think they will be 43 by the time they have a place of their own.

Clare Francis, mortgage spokesperson at moneysupermarket.com, said first time buyers have taken a hit from the credit crunch, but they should not give up on their dream of owning their own home.

"For anyone wanting to get on the ladder, who is renting or living with parents, it's important to think about how they can make cutbacks to help them build up a deposit more quickly," she advised.

According to Santander, the average first time buyer currently pays a 17 per cent deposit of their overall property price.ADNFCR-1222-ID-800551962-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.