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First Time Buyers Need More Help To Buy

* Opinium Research carried out an online survey of 2,003 UK adults aged 18+ from 28 th March to 2 nd April 2013

Results weighted to nationally representative criteria, based on 263 respondents (13%). 13% of 49,969,000 UK adults = 6,495,970 (7,995,040- 6,495,970 =) 1,499,070

** Opinium Research carried out an online survey of 2,010 UK adults aged 18+ from 10 th to 13 th February 2012

41% - never expect to own their own home (2012)

5% - parents/ family will help pay the deposit (2012)

Results weighted to nationally representative criteria, based on 323 respondents (16%). 16% of 49,969,000 UK adults = 7,995,040

*** MoneySupermarket tables
    First Time Buyer Trends

                                                                    Number of
                                                            Average Products
                    Number of Mortgage                      Overall available Average Rate
           Date          Products      Average Overall Rate   LTV    at 90%         at 90%

          Apr-09          2,604               5.25%           71%      111           6.47%
          Apr-10          2,700               4.68%           75%      163           6.02%
          Apr-11          3,007               4.41%           76%      253           5.78%
          Apr-12          2,443               4.19%           76%      300           5.27%
          Apr-13          3,147               3.62%           75%      276           4.82%

                                                                       Number of
                                                                       Products
                                                                       available
                       Number of Mortgage                              to First
                       Products Available                                Time   Average FTB
                         to First Time                         Average Buyers at    Rate at
           Date              Buyers         Average FTB Rate   FTB LTV    90%           90%

          Apr-09          1,260               5.35%           73%      62            6.44%
          Apr-10          1,448               4.77%           76%      119           6.05%
          Apr-11          1,524               4.47%           77%      174           5.82%
          Apr-12          1,337               4.22%           78%      209           5.30%
          Apr-13          1,565               3.63%           76%      182           4.78%

    Sourced by http://www.MoneySupermarket.com 05.04.2013

Notes to Editors:

MoneySupermarket.com compares (at 22 nd   March 2013)
  • 140 car insurance brands and 98 home insurance brands
  • 15 broadband providers and 20 energy providers   
  • 31 unsecured loan and 5 secured loan providers
  • 60 mortgage lenders and 28 credit card providers
  • 62 savings providers and 37 current account providers
  • Over 640,000 mobile phone deals

Our customers

We help our customers to save money on all of their household bills by providing a free, easy to use online service so they can compare a wide range of products in one place and find the product most suited to their needs. Our size means we are able to offer our customers exclusive, market-leading deals, including some they can't even get direct from providers.

Our providers

By having considerable volumes of informed customers actively looking for products and ready to purchase, we offer our providers an efficient and cost effective customer acquisition solution across all of our channels. This enables our providers to target their marketing spend in an effective and completely measurable way.

Our revenue comes predominantly from fees paid to us by product providers when a customer clicks through to their website and actually applies for or purchases a product. It is a success based marketing fee.

Our customer commitment
  • We make it easy to find the brands you expect to see
  • We strive to ensure a product cannot be found cheaper by going direct
  • We let you remain in control of your personal data
  • We are independent and impartial
  • We make it easy to switch and save
  • We strive to always show the most competitive product available

For further information contact:  

Paul Lawler / Kate Murphy

+44-(0)787-237-9545 / +44-(0)1244-221978

paul.lawler@moneysupermarket.com / kate.murphy@moneysupermarket.com

SOURCE moneysupermarket.com

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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