Lack of first-time buyers on market

AOL Money Staff
For sale signs
For sale signs

Only a quarter of people planning to buy a home next year will be first-time buyers - a share which is still well below the levels needed for a "healthy" market, research has found.

Almost a quarter (22%) of these buyers will have raised a deposit of less than 10% by the time they try to make a purchase, meaning their range of mortgage options and their access to the most competitive deals will be very restricted, Rightmove warned.