Also known as Generation Y, Millennials currently make up the largest age-range population in the UK, with Generation Z following just behind.
Despite the cost of housing, there is still a high demand for affordable homes for first time buyers for both generations. Following the COVID-19 pandemic, younger homebuyers are looking for some security.
What do Millennials want from a new home?
Those born to between 1981 and 1996 are considered Millennials. The older of this age bracket will be in their early forties and likely to have young families, while the youngest are mid-twenties looking to buy their first home and settle down. This age bracket usually looks for:
What does Gen Z want from a new home?
Those born between 1997 and 2012 are considered Gen Zs and will be in their early to mid-twenties. Due to the high use of technology, and on-demand information, Gen Z will typically be looking for:
Both generations would like as much information about a property as possible to reassure them, with access to a lot of this information being online. Interestingly, according to Architectural Digest, 39% of Millennials say they'd feel comfortable buying a home they'd only ever viewed online.
Homebuying reform to cut homebuying times by around four weeks, and save first-time buyers around £650, says the government.
Buying your first home is a huge milestone, but it can also be a complex process. There are several factors a first-time buyer should consider before making an offer on a property, including understanding the difference between leasehold and freehold and checking council tax bands.
We’ve detailed some questions you can ask your estate agent to help you make an informed decision.
3 days ago
Here are the lowest fixed mortgage rates of the week, available to first-time buyers, home movers, buy-to-let, and those remortgaging.
Call us for more information: 01628 507477 or email: team@mortgagerequired.com.
5 days ago
Remortgaging means switching to a new mortgage deal. This will either be with your current lender or a new one.
Getting advice and moving to a new deal when the time is right can mean lower monthly mortgage payments, better interest rates, or releasing equity from your property.
Here are some signs it may be time to remortgage.
According to Nationwide Building Society’s latest House Price Index, house prices dropped 0.6% month on month in May – the first monthly decline this year.
19 May 2026
Research from Lloyds identifies the most affordable areas in the UK for first-time buyers to be able to get onto the property ladder.
On Wednesday, 13th May, King Charles delivered his speech at the House of Lords, outlining the government’s plans for the upcoming year.
Here is a summary of the housing and energy/environment points.
From 18th May 2026, Halifax (part of Lloyds Banking Group) is launching a ‘£5k Deposit mortgage’ to help first-time buyers get onto the property ladder sooner.