Data from the CML shows that 52% of first time buyers received financial help from the ‘bank of mum and dad in 2014 to buy their first home.
The government’s Help to Buy scheme finishes at the end of 2016 and should be replaced to ensure competition in the housing market.
Deposits from buy-to-let landlords have increased by 15% to an average £100,000 compared to struggling first time buyers.
Annual house prices in the UK have slowed from 6.8% to 5.7% in February for the first time in five months decreasing by 0.1% during the month.
With interest rates remaining low lenders are lowering fixed rate mortgages even for homebuyers with only small deposits.
The Council of Mortgage Lenders (CML) have released data showing the number of homeowners losing their house is down 26% in the last year.
Over the three months to January house prices were 1.9% higher than the previous period across the UK despite uncertainty over the election.
Bank of England data shows a rise in the number of mortgage approvals to 60,275 as lenders bring back low cost mortgages.
First time buyers have struggled to buy their first home with numbers declining for more than a decade according to the ONS.
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