Two-thirds of people under the age of 30 find themselves in a position to buy their first property, new figures for one lender show.
Clydesdale and Yorkshire Banks revealed the average age of those on its books taking out a first time buyer mortgage is 30.
Around a third (33 per cent) are aged under 25, while a further third (32 per cent) were aged between 26 and 30.
First time buyers aged over 30 were buying significantly more expensive properties than their younger counterparts, the figures show.
The average price paid by those aged between 26 and 30 was £130,638, compared to the average price of £240,709 for those buying between 31 and 35, the highest price paid by any age group.
First time buyers aged under 25 paid on average £104,021 for their property, far lower than the national house price average.
The government's FirstBuy scheme is also currently helping people get their foot on the property ladder, offering them the chance to purchase a property at 80 per cent of its market value, with just a five per cent deposit.
See Also: Property News (6705)
Date Published: 26 January 2012
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