Clydesdale and Yorkshire Banks have revealed the average age for individuals looking to take out a first-time buyer (FTB) mortgage.
According to the lenders, the typical person seeking such a home loan in order to get their foot on the first rung of the property ladder is 30, while 33 per cent of them are aged under 25.
In addition, those between the ages of 26 and 30 accounted for 32 per cent of FTBs, with a further 16 per cent falling in the 31 to 35 age bracket.
Just nine per cent appeared in the 36 to 40 category and a further 11 per cent were over 41.
Steve Reid, retail director for Clydesdale Bank – which has a history stretching back to 1838 – said: “We remain committed to supporting first-time buyers and have a range of competitive products to help them throughout the process.”
The industry figure added the organisation is proud to be lending a helping hand to people of all ages to assist them in their quest for a dream home, as well as enabling others to enter the housing market for the first time.
