Average FTB 'is 30 years old'

Posted: 26 Jan 2012 12:25:40 GMT

            Property News - Average FTB 'is 30 years old'

The typical FTB in the UK at present is 30 years old.

The average first-time buyer (FTB) in the UK is 30 years old, new research has shown.

Carried out by Clydesdale and Yorkshire Banks, the study also revealed 33 per cent of all FTBs are under the age of 25, while 32 per cent fall into the 26 to 30 age bracket.

According to the investigation, 16 per cent of those taking out an FTB mortgage are between the ages of 31 to 35, with nine per cent falling in the 36 to 40 category.

In addition, 11 per cent of those seeking such a home loan are over the age of 41.

Steve Reid, retail director for Clydesdale Bank - established in 1838 - stated: "We remain committed to supporting first time buyers and have a range of competitive products to help them throughout the process."

The industry figure noted the lender is proud to be of assistance to both FTBs and those looking to purchase their dream home.

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