Average age of first-time buyer heads towards 40

Future first-time buyers will either have to be more reliant on their parents to get onto the first rung of the housing ladder or be heading towards their forties before they finally buy a property, suggests the Council of Mortgage Lenders and ONS results. Figures released by the Office for National Statistics this week revealed the age has increased from 30 in 1974 to an average of 34 across the UK, increasing again to age 36 in the South-east and East Anglia. Given the impact student debt is likely to have on individuals in the future - if they leave university of up to £21,000 - ...