More homeowners are taking out an interest-only mortgage in an effort to reduce their level of monthly outgoings, according to the Council of Mortgage Lenders (CML).
The figures go to show the perseverance of most first time buyers, determined to purchase a home irrespective of the difficulties caused by rising house prices.
But those same price rises are perhaps a key factor in the thought processes of the 29 per cent of FTBs who took out such loans in June - they simply can't afford to wait any longer and miss out on the chance for asset growth.
Recent research has suggested that more Britons are viewing property as an investment but are also eager to hold on to high levels of disposable income, and the CML figures certainly point to that.
But, as ever, borrowers must remain alert to their future financial situation, as Moneynet.co.uk chief executive Richard Brown points out.
"Although interest only mortgages play a vital part in the mortgage industry, often providing the only means for first time buyers to hold the key to their own front door, misusing this type of loan is counter-productive," Mr Brown commented, according to IFAOnline.