Recent data shows that there are more over 50s taking their first step on the property ladder.
According to analysis of Financial Conduct Authority (FCA) data, first-time buyers aged 51 or over increased significantly between 2020 and 2024, rising by 43% over this period. Those buying their first home at the age of 41 or over increased by 10.5% since 2020. It is projected that over 50s will account for 5% of the FTB market by 2030 and over 40s will account for 16.4%. This is reflective of a housing market which has become increasingly challenging for prospective homeowners. However, it highlights that it is never too late to make your property dreams come true - get in touch with us to discuss your aspirations.
Your home may be repossessed if you do not keep up repayments on your mortgage
https://www.mortgagestrategy.co.uk/news/number-of-first-time-buyers-over-50-increases-by-30/