Why first time buyers in Leeds are prioritising energy efficiency and space
First time buyers in and around Leeds are increasingly prioritising energy efficiency and family space when choosing a property, according to new research.
The study, from Mortgage Advice Bureau, reveals buyers in the Leeds area are balancing affordability with energy efficiency and future family priorities when deciding what kind of home to buy. The findings show that 56 per cent of prospective buyers around Leeds expect their first home to be a house, while 40 per cent expect their first home to be a flat or apartment.
Meanwhile, 54 per cent prioritise energy efficiency and lower monthly running costs.
Half say finding more internal or external space for a growing family is a major driver, while 33 per cent say central living and proximity to urban amenities is a key motivation
The average prospective first time buyer in the Leeds area is aged 33, with 60 per cent aged between 25 and 40. Together, the findings suggest buyers are taking a more considered approach to homeownership, balancing affordability with long-term priorities such as energy-efficient homes, family space, and lower household costs.
Rachel Geddes, strategic lender relationship director at Mortgage Advice Bureau, said: “First time buyers are spending longer saving compared to previous generations, so many are being far more deliberate about the type of property they choose and the lifestyle they want their first home to support.
“While saving for a deposit remains one of the biggest challenges, many buyers are unaware of the schemes, mortgage products, and affordability options that may already be available to help them achieve their homeownership goals.
“Speaking to a mortgage broker early - even if you’re only starting to think about buying your first home - can help buyers better understand what they can realistically afford, identify lenders best suited to their circumstances, and potentially get onto the property ladder sooner than they expected.”
Victoria Thompson, head of strategic partnerships at Barclays, said: “We know first time buyers face real barriers, which is why support-based solutions are so important. Designed to help buyers onto the property ladder sooner, springboard mortgages allow buyers to borrow up to 100 per cent of a property’s value by linking their mortgage to a friend or relative’s savings.
“This type of mortgage can be a valuable option for potential homeowners who might otherwise struggle to secure a traditional mortgage due to a lack of sufficient deposit. It also enables family members to help in a significant way without permanently parting with their savings. Where suitable, responsible, and with expert advice, it can offer a practical and efficient route to homeownership.”
Aidan Walker, first time buyer lead at Skipton Building Society, added: “As Mortgage Advice Bureau’s research highlights, the journey to homeownership is becoming longer and more complex, making expert mortgage advice more valuable than ever. Supporting people onto the housing ladder is central to Skipton Building Society’s purpose, and we recognise the importance of helping buyers understand the options available to them.
“However, not everyone is aware of the range of routes available to support different circumstances, or whether they may be suitable for their individual situation. Engaging with a broker at the start of the homebuying journey can help identify the most appropriate route to homeownership.”