Pandemic pushes up average FTB age by two years🏠
Although the events of the last two years have seen the UK property market propelled to new levels of activity, Covid may have pushed the average age of a first-time buyer who was able to retain employment via the furlough scheme up by almost two years.
The furlough scheme was the government lifeline afforded to many in order to allow them to retain their jobs during the most difficult stages of the pandemic. Running from 1st March 2020 to 30th September 2021, the grant saw the government pay 80% of wages up to a £2,500 monthly threshold. To continue reading, please Click Here