18-30 year old mortgage securing in the UK decreased 13% since 2021 due to higher mortgage rates and house prices.

Quilter's analysis of Freedom of Information data from the UK's FCA reveals a 13% decrease in mortgage securing by 18-30 year olds since 2021, primarily due to increased mortgage rates and house prices. The Labour government's proposed 'Freedom to Buy' mortgage guarantee scheme is viewed as unlikely to significantly impact first-time buyer assistance. The current mortgage guarantee scheme introduced by the Conservatives has been deemed ineffective.