How old are most Brits when they start saving for a house?

New research revealed most people in the UK wait until the age of 30 to start saving for a house, despite hoping to start saving by 27.

Savings and mortgage provider The Nottingham Building Society conducted a study to find out the top 10 biggest priorities for adults in Britain when saving money. The study surveyed 2,000 adults in the UK on what age they wished they had started investing in different areas of their lives, including health, careers and money management, and what age they actually started saving for these priorities.

The top three most important saving priorities were saving for a retirement fund, ‘rainy day’ fund, and house deposit or increasing equity. The most common priority Britons are actually saving for is a ‘rainy day’ fund. On average, people wished they had started saving for a house by the age of 27, but most Brits didn’t start saving until 30. In the study, 29% of Brits are currently saving towards a holiday, while only 13% are saving for a house deposit, even though saving for a deposit was ranked as a more important priority overall.

Jenna McKenzie-Day, senior savings manager at The Nottingham Building Society, commented: “Our research found that on average, homeowners wish they had begun planning to buy their first home three years earlier than they started, with a similar picture being painted for those saving for their future.”

Generation Rent

The study shows that despite stepping on the property ladder being a top priority for most Brits, many aren’t able to start saving until later than they’d hope. Nowadays, there is less urgency for people to move out of rentals, and high property prices have led many to remain tenants for longer.

With more young adults becoming long-term renters and with Generation Rent getting older, renters in the UK are forecast to outnumber homeowners by 2039. And as rental demand remains high, there is plenty of room for growth in the buy-to-let market across the UK.

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:


Sign up for first access to new developments and exclusive property investment opportunities.

We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.

  • New property developments
  • Professional market reports
  • Property deal alerts
  • Development updates
Manchester property investment


Receive trending news straight to your inbox and stay up to date on all of the property market trends and advice.

Established since 2005 we are a leading voice of authority and commentary on the UK property market. Our news is trusted by Apple News & Google News.

  • UK housing market
  • Mortgage & money
  • Buy-to-let landlords
  • Guides & advice

Talk to us

Speak to our UK property experts today:


+44 (0) 333 123 0320

Open from 9am-6pm GMT


+852 6699 9008

Open from 9am-6pm HKT