An increasing number of Britons are putting money aside to save up for a home, it is suggested.
Figures compiled by Birmingham Midshires show there has been a 29 per cent increase in savers making provisions for their first home.
"One positive thing to come out of the current financial uncertainty may be a renewed understanding of the importance of saving money in advance of making big purchases," comments Tim Hague, director of savings at Birmingham Midshires.
He adds that it is very important for people to plan effectively for their financial futures, with saving for a new home being just one example of this.
The statistics show a quarter of people aged between 25 and 34 are thinking of getting their feet on the property ladder, compared to just 19 per cent in July last year.
The Council of Mortgage Lenders reported this month that 23,400 mortgages were completed in January 2009, down by 28 per cent compared to December 2008.
See Also: Property News (6705)
Date Published: 26 March 2009
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