monthly costs for both buying and renting first time property, it also saw the highest average monthly savings resulting from purchase over rental decisions, amounting to 348 British pounds.
This statistic shows the difference in savings made by first time buyers regionally, when it came to buying a three bedroom home against renting a three bedroom home, in the United Kingdom (UK) in 2021. Although London had the highest Average monthly savings resulting from buying over renting in the United Kingdom (UK) in 2021, by region (in GBP)
Loading statistic...
Basic Account
Get to know the platform
You only have access to basic statistics.
Starter Account
The ideal entry-level account for individual users
- Instant access to 1m statistics
- Download in XLS, PDF & PNG format
- Detailed references
$59 USD $39 USD / Month *
in the first 12 months
Professional Account
Full access
Corporate solution including all features.
* Prices do not include sales tax.
Statistics on First time home buyers in the United Kingdom (UK)
Overview
7
- Premium Statistic Average house price in the UK 2008-2022, by country
- Basic Statistic Dwellings: simple average house price in the UK 2000-2021, by buyer type
- Premium Statistic House price to income ratio in Europe 2019-2021, by country
- Premium Statistic Number of first time buyers in the UK 2008-2021
- Premium Statistic First time home buyers: average age in the UK 2011-2021
- Premium Statistic England: average age of first time home buyers from 2005 to 2022
- Premium Statistic Property tenure distribution in the UK 1980-2022
Average costs for first time buyers
8
- Basic Statistic Average monthly home buying costs in the United Kingdom (UK) 2008-2021
- Basic Statistic First time home buyer average monthly costs vs rental payments in the UK 2009-2021
- Basic Statistic Monthly savings resulting from buying over renting in the UK 2021, by region
- Premium Statistic Monthly costs of buying a property in the UK 2021, by region
- Premium Statistic First time buyer mortgage in the UK 2020-2021, by region
- Premium Statistic First time buyer house price in the UK 2020-2021, by region
- Premium Statistic First time buyer house deposit in the UK 2020-2021, by region
- Premium Statistic First time buyer house deposit as house price share in the UK 2021
Home buying process
6
- Premium Statistic Effect of the coronavirus (COVID-19) pandemic on home buying in the UK in 2021
- Premium Statistic Leading sources for funding a first time home purchase in the UK in 2022
- Premium Statistic Experience of first time buyers with mortgage lenders in the UK 2022
- Premium Statistic Experience of prospective first time buyers with mortgage brokers in the UK 2022
- Basic Statistic Complaints against home financing providers in the UK in H2 2020, by firm
- Premium Statistic Home finance services complaints in the UK H1 2022, by cause
Help to buy scheme
5
- Premium Statistic Help to Buy bonuses and property completions in the UK 2015-2022
- Premium Statistic Help to Buy ISA bonuses paid in the United Kingdom (UK) 2015-2022, by region
- Premium Statistic Average amount paid in Help to Buy ISA bonuses in the UK 2015-2022, by region
- Basic Statistic Share of Help to Buy bonuses paid in the UK 2015-2022, by country
- Premium Statistic Help to buy bonuses and property completions in the UK 2015-2022, by age
Further related statistics
15
- Yearly savings due to gap in cost of buying a home vs renting in the UK 2008-2017
- Annual savings resulting from buying over renting in the UK 2017, by region
- Share of income spent on homes in the U.S. 2017-2019, by type
- Average price of residential properties built 1919-1945 in the UK 2011-2015
- Average price of terraced houses built 1946-1960 in London (United Kingdom) 2011-2015
- Average quarterly price of terraced houses built pre-1919 in London (UK) 2011-2015
- Average price of semi-detached houses in London (UK) Q1 2012 - Q4 2015
- Halifax price index: Price of all residential properties in the UK 2011-2015
- Average purchasing price for single-family houses in Denmark 2009-2021
- Average price of semi-detached houses built 1946-1960 in the UK in 2011-2015
- Average price of detached houses built after 1960 in the UK 2011-2015
- Average price of pre-owned semi-detached houses built after 1960 in the UK 2011-2015
- UK Housing market: Nationwide older house prices Q1 2011 - Q2 2015
- Annual house price change in Poland 2007-2020, per quarter
- Prime residential price growth outer London Q3 2020, by type of outside space
Further Content: You might find this interesting as well
Statistics
- Yearly savings due to gap in cost of buying a home vs renting in the UK 2008-2017
- Annual savings resulting from buying over renting in the UK 2017, by region
- Share of income spent on homes in the U.S. 2017-2019, by type
- Average price of residential properties built 1919-1945 in the UK 2011-2015
- Average price of terraced houses built 1946-1960 in London (United Kingdom) 2011-2015
- Average quarterly price of terraced houses built pre-1919 in London (UK) 2011-2015
- Average price of semi-detached houses in London (UK) Q1 2012 - Q4 2015
- Halifax price index: Price of all residential properties in the UK 2011-2015
- Average purchasing price for single-family houses in Denmark 2009-2021
- Average price of semi-detached houses built 1946-1960 in the UK in 2011-2015
- Average price of detached houses built after 1960 in the UK 2011-2015
- Average price of pre-owned semi-detached houses built after 1960 in the UK 2011-2015
- UK Housing market: Nationwide older house prices Q1 2011 - Q2 2015
- Annual house price change in Poland 2007-2020, per quarter
- Prime residential price growth outer London Q3 2020, by type of outside space
Lloyds Banking Group. (March 22, 2022). Average monthly savings resulting from buying over renting in the United Kingdom (UK) in 2021, by region (in GBP) [Graph]. In Statista. Retrieved February 01, 2023, from https://www.statista.com/statistics/809007/average-monthly-savings-for-first-time-buyers-buying-over-renting-uk/
Lloyds Banking Group. "Average monthly savings resulting from buying over renting in the United Kingdom (UK) in 2021, by region (in GBP)." Chart. March 22, 2022. Statista. Accessed February 01, 2023. https://www.statista.com/statistics/809007/average-monthly-savings-for-first-time-buyers-buying-over-renting-uk/
Lloyds Banking Group. (2022). Average monthly savings resulting from buying over renting in the United Kingdom (UK) in 2021, by region (in GBP). Statista. Statista Inc.. Accessed: February 01, 2023. https://www.statista.com/statistics/809007/average-monthly-savings-for-first-time-buyers-buying-over-renting-uk/
Lloyds Banking Group. "Average Monthly Savings Resulting from Buying over Renting in The United Kingdom (Uk) in 2021, by Region (in Gbp)." Statista, Statista Inc., 22 Mar 2022, https://www.statista.com/statistics/809007/average-monthly-savings-for-first-time-buyers-buying-over-renting-uk/
Lloyds Banking Group, Average monthly savings resulting from buying over renting in the United Kingdom (UK) in 2021, by region (in GBP) Statista, https://www.statista.com/statistics/809007/average-monthly-savings-for-first-time-buyers-buying-over-renting-uk/ (last visited February 01, 2023)
Average monthly savings resulting from buying over renting in the United Kingdom (UK) in 2021, by region (in GBP) [Graph], Lloyds Banking Group, March 22, 2022. [Online]. Available: https://www.statista.com/statistics/809007/average-monthly-savings-for-first-time-buyers-buying-over-renting-uk/