PROPERTY: First-time buyers in East Yorkshire are now finding it six times harder to save for a deposit, compared with the mid-1990s.
New figures show the average first-time buyer in the region is spending six years and one month saving for a deposit – up from one year and three months in 1995.
The research also shows that despite two-thirds needing help, only 30 per cent expect to get sufficient financial help from their family.
The figures have been released by Barclays to coincide with the release of their new Family Springboard mortgage.
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Andy Gray, managing director of mortgages for Barclays, said: "We know it's tough for people to get on the property ladder.
"That's why we've been actively listening to home-buying dilemmas."