Trying to Buy Your First Home in Your 20s? You’re Not Alone

Gen Z V The Housing Market

If you’re in your 20s and thinking about buying your first home, chances are you’ve felt how tough the process can be. Many of us have entered adulthood during a global pandemic, a cost-of-living crisis, and a shortage of affordable homes - so it’s no surprise that getting on the property ladder feels more challenging than ever.

Scroll through Rightmove and it can feel discouraging. Affordable homes are limited, and the ones that do fall within budget often come with compromises, whether that’s location, condition, or hidden issues. Many first-time buyers end up viewing properties that look appealing on the surface but reveal problems later down the line.

New build developments can feel like a solution at first. Show homes are designed to inspire, and it’s easy to picture yourself living there. However, what’s included in the advertised price doesn’t always match expectations. Features like upgraded kitchens, flooring, and even garden landscaping often come at an additional cost, quickly pushing properties beyond budget.

So where does that leave first-time buyers?

For many, it means making difficult choices. You might consider a smaller home to stay in your ideal area, compromise on outdoor space (I don't think my dog Danny would like that!), or look further afield for affordability. But moving further out can mean longer commutes, being further from family and friends, or adjusting to a completely new area.

It’s understandable to feel like the current market isn’t built for Gen Z buyers but it’s not all doom and gloom.

There are lenders and schemes designed to support first-time buyers, from shared ownership to family-assisted mortgages and more flexible lending criteria. While these options may not be right for everyone, they can make homeownership more accessible than it first appears.

Final thoughts on buying your first home

Buying your first home today comes with challenges, but with the right guidance and a clear understanding of your options, it’s still achievable. Speaking to a mortgage broker can help you explore what’s realistically within reach and identify opportunities you might not have considered.

Holistic Mortgage & Protection Ltd

01642 130730

advice@holisticmortgages.co.uk