A number of initiatives have been launched by both the Mayor of London and the UK government to sort out the housing crisis that is currently blighting London (https://www.london.gov.uk/what-we-do/housing-and-land/tackling-londons-h...). The amount of affordable homes that are being built around the capital is not keeping pace with the demand, and this issue has led to widespread problems for middle income families trying to get on the property ladder (https://www.thisismoney.co.uk/money/mortgageshome/article-2410104/The-MI...).
The role that Brexit will play in how the government plans on solving this problem will be crucial in the coming months, and with so much continued uncertainty there will be difficulty in creating long-term solutions. Brexit will be creating problems for buyers too. The value of Sterling has taken a tumble, and seen massive fluctuations ever since the referendum was decided (https://fullfact.org/economy/pound-fallen-since-brexit/).
First Time Buyers are set to face difficulty, as has been the case for the last few years across the UK. Banks are continuing to offer helpful support while the preparations are made to ensure people are able to buy their own properties (https://secure.cbonline.co.uk/personal/mortgages/first-time-buyer-guides...).
The housing market continues to be difficult to navigate for first-time buyers. Solutions from the government and financial institutions will have to be implemented to help the situation.