Average age of a First Time Buyer in the UK stays at 30

Figures released by UK Finance show the average loan size taken by first time buyers in December was £145,702 which represented a loan to value ratio of 82.2%. The income multiple required to generate these loans was 3.66 and the percentage of monthly household income needed to service capital and interest payments was 17.2%. Both these figures are largely unchanged from November figures and also December 2017.