This is despite the fact that drumming up the funds for their deposit is the biggest hurdle for a first-time buyer. True to form, 62 percent would still prefer the cash in hand.
In addition 13 percent were keen to see a raise in stamp duty thresholds, which could save buyers thousands on the price of a new home.
HotProperty.co.uk managing director, Shawn Luetchens, said: “First-time buyers are crying out for help, with one in four prepared to pass up a cash in the hand deposit in favour of interest rate cuts."
“Although we in the industry often talk about interest rates and government regulations as major barriers, it is obvious that first-time buyers out there just want the cash in the hand.”
