Nearly half – 42 per cent – of prospective first-time buyers are spending their hard-earned
With the average buyer anticipating they will need
“But if you’re single minded and set yourself a realistic
The majority of savers who dipped into their deposit fund spent the money on day-day living, fashion, gadgets and cars, the firm found.
Some first-time buyers also admitted they had used the fund to pay for a holiday or a wedding.
Ms Audhlam-Gardiner claimed that an uncertain market which may see house prices fall this year is leading people to spend their
However, property is a wise investment move, she added.
The average property for a first-time buyer currently stands at £167,000, reports Alliance & Leicester.
© Adfero Ltd