Over 17m people are unable to get on to the property ladder, according to research from Abbey.
The bank found that of the 17.3m who are unable to get on the housing ladder, 6.9m say they cannot afford the deposit and 2.1m people claim to be unable to find the right mortgage.
There are 7.4m people that cite house prices as the main reason they cannot get on to the first rung.
Abbey mortgage product executive Nici Audham Gardiner says: “There are people who feel that they do not want to get on the property ladder, but those who do face many barriers of which the most notable is the cost of homes. However, there other more surprising results, for example, job security, lack of time and finding the right mortgage.
“Strangely, despite hundreds of mortgages available to buyers, our research shows that 12 per cent of non-homeowners believe that they would be on the property ladder if they could just find the right mortgage.”