As house prices continue to rise, so too does the age at which young people can expect to own their own home. Unfortunately, even the ceiling of the term 'young people' isn't far off from being challenged - with fresh research suggesting that the average age of a first-time buyer in the UK is 33 years and 8 months old, according to Mojo Mortgages. In comparison, in 1960, the average first-time buyer was 23 years old, according to separate research by Keepmoat Homes.
Back to today's figures - and those in Wales are able to buy their homes the youngest, with the data suggesting the average first-time buyer there is 31 years old. Naturally, the older you buy a home, the later in life you'll pay off a mortgage. With an average mortgage length of 30 years, it seems the average UK first-time buyer isn't expected to be mortgage-free until they are 63 years and 8 months old.