Affordability still deters new buyers
The average price of a first-time buyer home in Yorkshire is £104,560 and the average first-time deposit is £20,000, according to the Halifax.
Over half of would-be firsttime buyers say that affordability is the main reason why they have not stepped on to the property ladder.
The number of those who took the plunge in the first half of 2010 is 94,600, half that of the same period for 2007. But the figure represents a 28 per cent rise against last year. Stephen Noakes, commercial director for mortgages, said affordability had improved and eight out of 10 first time buyer mortgages were approved.