First-time buyers struggle to climb on the property ladder despite increase in deals | This is Money

First-time buyers struggle to climb on the property ladder despite increase in deals | This is Money

First-time buyers are fighting a losing battle to climb on to the property ladder despite a surge in mortgages available to help them.
Today, there are 360 mortgages aimed at first-timers with a small deposit, of between 5 per cent and 10 per cent, of the property price. This is more than a fifth higher compared to a year ago — and three times as many as available in October 2009.
Yet one in five first-time buyers still has no choice but to turn to their parents or relatives for financial help, a report from the Centre For Economics And Business Research shows.