People looking to buy property in Bristol for the first time may be suffering as a result of the constraints mortgage lenders are placing on home loan provision.
This is according to Lucian Cook, director of residential research at Savills, who suggested that the requirements such organisations have in place at present for those who wish to invest in homes is too high for many first-time buyers (FTBs).
His comments were made in the wake of the release of figures by the National Association of Estate Agents, which suggested that FTBs represented 19 per cent of all buyers last month, compared with 43 per cent in June.
Mr Cook said: "In many respects I think it is no surprise that they are a low proportion of the market and I think going forward that will continue to be the case for some time."
In order to put up a deposit, FTBs often have to rely on the "bank of mum and dad", he added.
