First Time Buyers Index Autumn 2026: Key Findings | Mortgage Intermediaries

In our latest report, First Time Buyer Index 2026¹, we surveyed 500 recent first time buyers and 2,000 prospective first time buyers to explore current deposit expectations, affordability pressures, attitudes towards mortgages, and experiences of using a broker.

We understand that for many first time buyers, taking that first step onto the property ladder can be challenging, but it remains a milestone that feels truly rewarding when it happens.

To help support you and your clients, we have once again undertaken our regular research to better understand the key concerns, behaviours and experiences of first time buyers across the UK.

Key Findings

Affordability pressures remain high, with 71% of prospective first time buyers impacted by the rising cost of living and 63% by high house prices.
Deposits continue to be a major hurdle, with first time buyers putting down an average deposit of £89,400, equivalent to 25.6% of the property value.
64% of prospective buyers are considering a lower value property due to higher interest rates increasing monthly repayments.
The value of professional advice remains clear, with 71% of first time buyers using a mortgage broker and 95% finding them useful.

¹ Research conducted, on behalf of Aldermore bank by Opinium between 10th October – 3rd November 2025 among 2,000 Prospective First Time Buyers and 500 Actual First Time Buyers.