| Research shows that some borrowers could access up to £40,000 more than they could 12 months ago | Despite improvements in borrowing power, saving for a deposit continues to be a key challenge | With borrowing rules shifting and more options available, understanding what’s possible is important |
A significant number of first-time buyers (FTBs) may be underestimating what they can afford. Recent research1 shows that some borrowers could access up to £40,000 more than they could just 12 months ago, reflecting changes in lender affordability criteria and greater flexibility in the market.
However, around half of prospective buyers remain unaware of this shift, suggesting outdated assumptions are still influencing decisions.
Deposits remain the biggest hurdle
Despite improvements in borrowing power, saving for a deposit continues to be a key challenge. Around 27% of FTBs say this is the main barrier to getting onto the property ladder. Many are also taking several years to save, which can delay plans unnecessarily, particularly if they are unaware of the range of low-deposit options now available.
A changing lending landscape
Mortgage lending has evolved in recent months, with lenders adapting criteria in response to market conditions. This means some buyers who may have struggled to borrow in the past could now be in a stronger position than they realise. At the same time, affordability is still front of mind, with many potential buyers comparing mortgage repayments to current rental costs when deciding if homeownership is within reach.
Why advice matters
With borrowing rules shifting and more options available, understanding what’s possible is more important than ever.
If you’re considering buying your first home, talk to us about your options and to get an understanding of how much you could borrow so you don’t rule yourself out too soon.
1MAB 2026
It is important to take professional advice before making any decision relating to your personal finances. Information within this article is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored advice and is for guidance only. Some rules may vary in different parts of the UK.