First-time
buyers may be struggling to get on the
property ladder in their 20s and early 30s, according to
research .
Mortgage provider NatWest states that many potential
UK buyers are waiting until their mid-thirties until trying to
find a mortgage .
Around one third of
first-time buyers in the last two years didn't
search for a mortgage until they were 35, while one-in-five didn’t find a
mortgage until they were over 40.
Many
first-time buyers (two-in-five)
borrow at least 90 per cent of the value of the
property, while 15 per cent provide at least half of the value and take a mortgage for the remainder.
Guy Aldwinckle, head of
mortgages at NatWest, said: "Buying your first
home is a big step and at NatWest we aim to give a helping hand to first-time buyers at the time they need it most.
"One of the biggest decisions facing first-time buyers is what
type of mortgage to take and at NatWest we can offer
advice and a choice of mortgages to suit their individual needs and help ease the burden."
NatWest offer a variety of mortgages for first-time buyers, ranging from
tracker to
fixed-rate deals.
