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Share of recent first-time home buyers in England from 2022 to 2023, by sources of mortgage deposit

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Source

Release date

December 2023

Region

United Kingdom (England)

Survey time period

2022 and 2023

Number of respondents

874 respondents

Special properties

recent first-time buyers

Method of interview

Face-to-face interview

Supplementary notes

Respondents could give more than one answer.


This statistic uses original data from the Department for Levelling Up, Housing and Communities and includes copyright material licensed under © Crown, the

Citation formats

Leading sources of mortgage deposit for recent first-time buyers in England 2022-2023

Published by ÌÇÐÄÆƽâ°æ Research Department, Mar 11, 2024

Recent first-time house buyers in England relied mostly on savings to finance their mortgage deposit in 2023. Approximately ** percent of households who bought their first home in the past three years used savings. Additionally, close to ** percent relied on a gift or loan from a family or a friend. That was an increase of nearly ** percentage points from the previous year when ** percent relied on financial help. 

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Topics

First-time home buying UKHousing market in the U.S.Mortgage industry in the U.S.Assets and wealth of households in EuropeMortgages in Europe
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