According to YouGov research published by the Council of Mortgage Lenders, there is significant support for Government intervention across all age groups with 59% of respondents stating that help for those with smaller deposits is required. Just 14% opposed such actions.

In addition, 60% of consumers felt that it is unfair for borrowers who have smaller deposits to be charged a higher interest rate on their mortgage.

The Government announced a raft of measures as part of George Osborne’s Budget including the Chancellor’s flagship Help to Buy programme.

However, nearly half of respondents to the survey (46%) felt the new scheme would make no difference to their chances of purchasing a home in the next three years.

Low levels of savings and high house prices remain significant barriers to the market for potential homeowners.

However, a third of respondents (34%) said that a greater number of low-deposit mortgages would help them get onto the housing ladder.