New analysis from Lloyds reveals that in some UK areas, the average first-time buyer is as young as 27, five years below the national average of 32. The Ribble Valley in Lancashire tops the list, offering a more accessible path to homeownership in its picturesque countryside.
Other areas with a typical first-time buyer age just above 27 include Pendle in Lancashire and South Staffordshire in the West Midlands. In eastern England, north Norfolk and mid-Suffolk also see average ages around 28, bringing property ownership within reach for some Gen Z buyers.
Lloyds also identified the least expensive locations for first-time buyers. East Ayrshire in Scotland is the most affordable, with an average price of £147,353. The area benefits from good connections to Glasgow and nearby employment hubs, balancing countryside living with manageable commutes.
Amanda Bryden, head of mortgages at Lloyds, said: “Our research shows there are still genuine pockets of value for first‑time buyers, particularly for those with an open mind who are willing to be flexible on location and property type.” She advised buyers to research the process, speak to a mortgage professional early, and consider available support.
The research is based on Lloyds Banking Group’s housing statistics database, drawing on mortgage approval data from customers of Lloyds Bank, Halifax and Bank of Scotland, covering the 12 months to February.
