Average age of a first-time buyer could hit 44


The average age of a first-time buyer could hit 44 as would-be homeowners struggle to get the money together to get a deposit. Scottish Widows reports potential buyers could be unable to start making serious savings towards a deposit until they reach their thirties meaning they are unlikely to make it onto the property ladder until they reach their mid-forties. The average age of a first-time buyer is currently 30 but Scottish Widows predicts this is set to change. It says consumers are too busy paying off credit card debt and repaying loans to focus on saving for a house.