According to the Council of Mortgage Lenders the buyers who do not have a handsome deposit in their accounts shall not be in the position to cling onto the ladder of property. Further the council said that the 14,300 loans provided to the new entrants in April has accounted for 35pc of mortgages, which is down from 39pc since March.

On an overall basis there were 40,000 loans given for the house purchase in April, amounting £5.7bn, down by 5,000 on March but up from the year before. The April's dip was expected due to Easter season.

CML's director-general, Michael Coogan, expressed that Easter traditionally creates a fading effect on the lending levels.

However the first-timers were the most affected, due to the correction in the stamp duty, and the changes cropping out from the economic and political uncertainty.

Although the first-time buyers have to struggle to get the housing loan instead the decision of Alistair Darling in March.

The newcomer, applying for the loans for buying their first home may not be liable for paying the tax. Although the banks are further demanding much inclined deposits after the credit crunch, concluding that the newcomer should have or learn to save tens of thousands of pounds before they cling on the ladder of home loan.