Recent first-time house buyers in England relied mostly on savings to finance their mortgage deposit in 2023. Approximately 87 percent of households who bought their first home in the past three years used savings. Additionally, close to 37 percent relied on a gift or loan from a family or a friend. That was an increase of nearly 10 percentage points from the previous year when 27 percent relied on financial help.
Share of recent first-time home buyers in England from 2022 to 2023, by sources of mortgage deposit
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Department for Communities and Local Government (UK). (December 14, 2023). Share of recent first-time home buyers in England from 2022 to 2023, by sources of mortgage deposit [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/1455566/sources-of-mortgage-deposit-england/
Department for Communities and Local Government (UK). "Share of recent first-time home buyers in England from 2022 to 2023, by sources of mortgage deposit." Chart. December 14, 2023. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/1455566/sources-of-mortgage-deposit-england/
Department for Communities and Local Government (UK). (2023). Share of recent first-time home buyers in England from 2022 to 2023, by sources of mortgage deposit. Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/1455566/sources-of-mortgage-deposit-england/
Department for Communities and Local Government (UK). "Share of Recent First-time Home Buyers in England from 2022 to 2023, by Sources of Mortgage Deposit." Statista, Statista Inc., 14 Dec 2023, https://www.statista.com/statistics/1455566/sources-of-mortgage-deposit-england/
Department for Communities and Local Government (UK), Share of recent first-time home buyers in England from 2022 to 2023, by sources of mortgage deposit Statista, https://www.statista.com/statistics/1455566/sources-of-mortgage-deposit-england/ (last visited November 03, 2024)
Share of recent first-time home buyers in England from 2022 to 2023, by sources of mortgage deposit [Graph], Department for Communities and Local Government (UK), December 14, 2023. [Online]. Available: https://www.statista.com/statistics/1455566/sources-of-mortgage-deposit-england/
