Introducing the Skipton Group Home Affordability Index.

The Index reveals for the first time the stark reality of securing a home in Great Britain today. Created in partnership with Oxford Economics, it utilises data from across

Skipton Group businesses, the Office for National Statistics, the Bank of England and third-party external sources to provide unique insight on the affordability challenges faced by renters, first-time buyers and homeowners by age, income, geography and family-type.

Only 1 in 8 potential first-time buyers in Great Britain can purchase the average first-time buyer property in their area. This falls to just 1 in 100 for those earning £22,850 or less.

Almost 80% of potential first-time buyers have insufficient savings for the deposit needed to get onto the property ladder in their area.

4 in 10 renters are spending 45% or more of their income on essential housing costs creating a major barrier to saving for a deposit.
Wales, West Midlands and London identified as the least affordable areas in Great Britain.

To find out more about the Affordability Index click here