Lending to first time buyers has hit a seven year high, according to reports.

It is thought this is because buyers are increasingly opting for long term fixed mortgages, which can raise the interest rate that they pay, but will protect them from the expected interest rise.

However, the continued success of the Help to Buy and the Help to Buy Mortgage Guarantee schemes could be helping to get people onto the property ladder in the first place, so that they can spend that money.

However, it was found this year that almost 2 million young adults are trapped living with parents, even until their thirties, because house prices are simply too high to be met by the low wages people are receiving.

The Financial Conduct Authority and the Bank of England have reported that the third quarter of this year saw the highest quarterly amount for first time buyers since 2007.

This shows there is more money being put into the housing market, potentially indicating it is beginning to move again, and that with a bit more of a fluid market, it will become more accessible for even more people.

This very much depends on supply however, and how many builders there are to build those houses. The BBC recently reported on how some London building companies have had to rely on Portuguese bricklayers on very high wages because of the lack of native workers skilled enough to carry out the jobs.