First-time buyers now make up the majority of home purchases bought with a mortgage in the UK, figures show.

The Halifax bank said the last time such a situation existed was 1995.

Its research found Pendle in Lancashire and Copeland in Cumbria were the most affordable areas, with homes costing 2.6 times local earnings on average.

An average deposit of £32,841 is required to get on the property ladder in the UK, but first-time buyers in London need

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