A survey by the Yorkshire Bank shows nearly a third of first time buyers would be willing to live in ‘less fashionable’ areas, while one in five would consider living next to a cemetery.

According to Gary Lumby, Yorkshire Bank’s head of retail, “Many first time buyers are considering properties and postcodes that may not normally be at the top of they’re viewing lists but could benefit them financially in the future.”

Many buyers are keen to buy which they can add value to and sell on at a profit, and 18% of first time buyers believe that house prices will rise noticeable over the next year.