The average age for buying homes in Britain has seen a slight decline, according to TSB’s recent analysis. In the third quarter of 2025, first-time buyers have an average age of 31, down from 32 in the same period last year. This shift indicates a growing trend among younger individuals entering the property market.
Regional Insights on First-Time Buyers
London remains the region with the highest average age for first-time buyers, standing at 33 years. In contrast, both Wales and Scotland report the lowest average age, at 30 years. The data presents a clear divide in home-buying age across different regions of the UK.
Average Age of First-Time Buyers by Region
| Region | Average Age Q3 2024 | Average Age Q3 2025 |
|---|---|---|
| East Anglia | 33 | 32 |
| East Midlands | 31 | 32 |
| London | 33 | 33 |
| North West | 31 | 32 |
| North East | 30 | 31 |
| South East | 33 | 32 |
| South West | 31 | 32 |
| Scotland | 30 | 30 |
| West Midlands | 32 | 31 |
| Wales | 31 | 30 |
| Yorkshire and the Humber | 31 | 31 |
Future Aspirations of First-Time Buyers
A survey conducted by Censuswide, involving over 1,000 first-time buyers who entered the property market within the last five years, provides additional insights. The findings reveal that 17% of respondents aim to be mortgage-free before the age of 40. Additionally, a significant 57% expressed a desire to reduce their mortgage term.
Among those making overpayments on their mortgage, 43% are doing so on a monthly basis. Craig Calder, TSB’s director of mortgages, highlighted that overpaying can significantly reduce the overall mortgage duration.
Key Takeaways
- The average age of first-time home buyers in Britain is now 31.
- London has the highest average age at 33, while Wales and Scotland are the lowest at 30.
- 17% of buyers aim to be mortgage-free before turning 40.
- 57% wish to shorten their mortgage terms.
- 43% of those making overpayments do so on a monthly basis.
This analysis underscores the evolving landscape of home buying in Britain, indicating a younger demographic entering the market with aspirations of financial freedom. The trends suggest a thoughtful approach among buyers aiming for long-term financial stability through strategies like mortgage overpayment.
