The CML's figures show that first-time buyers in London put down higher deposits than in other parts of the UK despite more expensive house prices.
First-time buyers in the capital bought properties with an average loan-to-value (LTV) ratio of 75 per cent, a figure unchanged since 2008, and less than in the rest of the UK (80%).
The report shows that London’s first-time buyers differ from the UK average in various ways:
* First-time buyers are older in London (31) compared to the rest of the UK (29)
* Parental assistance is greater -
28% of first-time buyers in London bought unassisted, compared to 34% in
* The average first-time buyer household in London had an income of £50,000 compared to £34,000 in the UK
* First-time buyers in London make up a larger proportion of the total mortgage market, around 50% compared to around 40% in the UK