The share of homes bought by first-time buyers is set to drop for the first time in five years.

Zoopla has forecast that the decision by major banks to pull low-deposit mortgages will result in first-time buyers accounting for just 33.9% of home purchases in 2020, down from 34.9% in 2019.

It anticipates that this trend will continue, with first-time buyers accounting for less than a third next year.