Two rooms is a priority for first-time buyers - Alliance & Leicester

clock

More than three in five first-time buyers say 'extra space' is their top priority when buying their first home, reveals Alliance & Leicester.

Latest survey by the mortgage lender suggests 63% of first-time buyers see the 'luxury' of having two or more bedrooms as the most important factor when stepping onto the property ladder. Some 51% deem being close to public transport as a major decision driver when looking at buying a home. This is particularly apparent in London where 74% are keen to find a property in an area with good transport links. Having access to good car parking is also important for about 46% of expectant ladder-climbers. The research - which questioned 1,200 first-time buyers about what mattered when c...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Mortgages

Client conundrum: Mortgage overpayments versus investments

Client conundrum: Mortgage overpayments versus investments

1.4 million people will see mortgage deals end this year

Laura Suter
clock 22 February 2023 • 3 min read

Summer economic update: Sunak confirms stamp duty holiday in 'mini-Budget'

Mini Budget

Hannah Godfrey
clock 08 July 2020 • 2 min read

FCA sounds alarm on equity release advice

'Tick-box exercise'

Hannah Godfrey
clock 17 June 2020 • 1 min read