Lack of first-time buyers on market
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.
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