Over half (54%) of the nation’s first-time buyers like to rent before taking the house buying plunge, an annual survey from Clydesdale and Yorkshire Banks has revealed.
A third (35%) lived with their family before getting on the housing ladder, while one in 20 (6%) moved back into their family home after renting to save for a deposit.
Last year's survey revealed that two thirds (67%) of first-time buyers had to wait longer than planned to buy.
The majority (56%) felt under pressure to get on the property ladder, especially amongst former renters (62%).
Almost two-thirds (65%) of first-time buyers in London felt the burden of trying to buy compared to just 37% in the North East.
