04/10/2026
It’s been made to feel like a YOU problem. A lack of discipline. A few too many coffees.
New research by Lloyd’s shows the gap between house prices and earnings is narrowing.
But a typical first-time buyer home still costs nearly six times average annual earnings, and average monthly mortgage repayments for first-time buyers are up £50 a month.
Of course, saving matters for a deposit. But cutting out every little thing you enjoy won’t fix a housing affordability problem.
So what are your options when trying to buy your first home?
💜 Find out what products might be available to you, some mortgages need just 5% deposit and there’s even 100% mortgage options for suitable buyers
💜 Look at a Lifetime ISA - eligible savers get a 25% bonus from the gov, up to £1,000 a year.*
💜 Consider family-supported mortgages — a parent’s income could help boost your borrowing power, but they share responsibility for repayments. Legal advice is important
💜 Speak to an adviser you trust, before you think you’re ready as getting on the ladder could be sooner than you think
None of these fixes the bigger problem of house prices outpacing wages over the long term. But knowing the options available can help you make a plan that’s based on what’s right for you.
www.meetmargo.uk
*Lifetime ISA age, property price and withdrawal rules apply.
Your home may be repossessed if you do not keep up your mortgage repayments
