Apr 12, 2012
Youngest First time buyers in Yorkshire, oldest in Wales
Research by Yorkshire Bank has revealed the marked difference between the average age of its First Time Buyers across the UK from 28 in Yorkshire to 36 in Wales.
The Bank’s average age for a customer to take their first step onto the property ladder is 30 – however this varies considerably from region to region – and the youngest homeowners are in Yorkshire with an average age of 28.
| REGION | AVERAGE AGE IN 2011 |
| Yorkshire | 28 |
| North East | 29 |
| North West | 29 |
| East Midlands | 29 |
| Scotland | 30 |
| South West | 30 |
| UK | 30 |
| West Midlands | 31 |
| East Anglia | 32 |
| London | 33 |
| South East | 34 |
| Wales | 36 |
Steve Reid, Retail Director for Yorkshire Bank, said: “We remain committed to helping first time buyers of all ages to get onto the property ladder with a range of products, including our Regular Home Saver account, that offer buyers saving solutions and competitive rates when purchasing their first home.”
As part of their support for first time buyers, Yorkshire Bank has introduced new lower rates on its range of mortgages for those looking to get onto the property market ranging from 5.49% to 6.19% including a fee free rate of 5.69% fixed for 3 years.
For more information on the wide range of mortgages offered by Yorkshire Bank, please contact 0800 20 21 22 (opening hours 8am – 8pm Mon-Fri) or visit www.ybonline.co.uk
