First-time buyers look to second jobs and loans

Julia Kollewe
terraced house
terraced house

AFP/Getty Images

Aspiring first-time buyers are increasingly forced to take on second jobs, take out personal loans or club together with friends to raise money for a deposit on their first home.

With average housing deposits reaching £37,375 - 17% of property's value - a third of all non-homeowners believe they will never own a property.