Office of National Statistics (ONS) data shows house price inflation reached 10.5% in May the highest level for four years.
The number of mortgage approvals have reduced in the last four months following the Mortgage Market Review and worries about interest rates.
National Housing Federation (NHF) says first time buyers now need 10 times the deposit when compared to buying in the early 1980s.
Data from the Treasury shows that 80% of borrowers of the controversial Help to Buy scheme are first time buyers mainly from outside London.
Property values in London are up by over 12% leading the UK which has seen mortgage lending 4% higher in March and 37% higher for the quarter.
Figures from the Office of National Statistics (ONS) show the price of homes for first time buyers have increased by 10.5% in the last year.
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