First-time buyers struggle to get on property ladder due to lack of 'first-time sellers' | Mail Online

First-time buyers struggle to get on property ladder due to lack of 'first-time sellers' | Mail Online

A lack of ‘first-time sellers’ is severely limiting the availability of affordable homes for first-time buyers, as those who bought in recent years cannot afford to move up the ladder, a new report says.
Property listing website Rightmove found in its First-Time Buyer Report that homeowners in their first property - who in normal times would be moving on - cannot afford to, due to a combination of negative equity, lack of confidence to stretch their finances and difficulty in finding a suitable property to upgrade to.