It also seems that many children do not realise that their parents are able to lend them money as only a very small percentage would consider asking them!

So the position does not look good for parents, the amount they are needing to lend seems to be increasing along with their re-payments of their own mortgage.

The Question is, are their easier ways and better incentives that enable first time buyers onto the property ladder.

..Over supply of new apartments in city centres, Buy to Let market slowing down, what is the future for the property market? Who is going to buy all of these city centre apartments?

Can we find a way to make it more affordable for First Time Buyers to purchase whilst keeping the current prices the same?

There must be hundreds of apartments in city centres like Leeds, Manchester, Liverpool etc sitting empty because the rental market is swamped and the prices the developers want are too high.

Is there a way to make these affordable to first time buyers? If they are not selling, the developer may be more willing to offer a discount. How about a Government led mortgage scheme enabling first time buyers better mortgage rates and gifted deposits?

This way you kill 2 birds with one stone, you help first time buyers onto the ladder and developers sell a lot of their city centre apartments that no one can afford!

There have always been mortgage products in the market place for first time buyers they have discounted rates and a high loan to value, there are now products that also accept gifted deposits.

This has now opened up the discounted property market to the first time buyers.

I predict that in the near future more and more property agencies and investment companies will come around to the fact that they are missing a massive part of the market in first time buyers. By offering an extremely inexpensive way into property this may be just what both parties need!

About Author

Keith McGregor is a partner of Strawberrysoup, a web design agency with offices in Chichester and Bournemouth. Strawberrysoup specialise in creative web design, content managed websites, search engine optimisation, search engine marketing and graphic design