The Halifax report that there were more first-time home buyers in 2016 than at any time since the start of the financial crisis.
The Halifax estimated there were 335,750 first-time buyers last year, the highest figure since 359,900 in 2007.
However, the average first-time deposit has more than doubled since 2007 to stand at more than £32,000.
The Halifax also found the average price of a first home broke through the £200,000 barrier for the first time.
Halifax housing economist Martin Ellis attributed the increase in first-time buyer numbers to continuing low mortgage rates and high levels of employment, which had "supported the market". He is quoted by the Telegraph:
"Government schemes such as Help to Buy have improved affordability, enabling more first-time buyers to buy their own property."Yet again the dire predictions of Project Fear have been proven wrong.