North-South divide – more home owners in the north

New research reveals rising house prices mean that property ownership in the south of England is lower than in the north.

The national average of home ownership within the UK is currently 65 per cent, 71 per cent of the population of Yorkshire own property, compared to 61 per cent in London.

Affordability is the real issue with average house prices exceeding £350,000 in London, with many first-time buyers struggling to purchase properties.

The north-south divide has traditionally been the well-off south and the poor north.

First time buyer with 100% Mortgages, are now increasingly seeking to buy in up and coming areas undergoing regeneration or with improved transport infrastructure.

The Elephant and Castle is known to be the latest buying spot for first time buyers with 100% Mortgages.