It was also found that 36 per cent of people in the age bracket are not saving anything.
Neil Cameron, savings manager at Sainsbury's Finance, said: "Many mortgage lenders continue to restrict their deals, so those looking to get onto the property ladder need to be saving more not less.
"Those people saving for a deposit on a property should review any savings account they are using for this."
In a recent interview with the Coventry Telegraph, Loveitt's mortgage and protection adviser Chris Neal said that good mortgage deals are still available for those who have saved a deposit.
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