New research from Lloyds reveals nine in 10 (94%) Gen Z dream of owning a home.

Confidence in making this happen is low, as more than a quarter (29%) genuinely believe they’re more likely to win the lottery than buy their first home. A further fifth (21%) think they’ll become TikTok‑famous, or even see Jeremy Clarkson become Prime Minister (13%), over officially becoming a homeowner.

Of the biggest barriers for first time buyers, saving for a deposit tops the list (22%). However, four in ten (40%) also confessed to not fully understanding the steps involved in the buying process, with an example being key mortgage terms like Loan-to-Value, (this is the amount of money borrowed as a percentage of the value of the property), which stumps 81%.

But this generation understand that graft turns dreams into reality. With an average of £11,095 already saved for a deposit, 37% are taking on a side hustle or cutting back on takeaways (34%) to boost their funds to reach their dream. Especially since the average London deposit requires £118,990 according to data from Lloyds.*

Almost two thirds (65%) of Gen Z say people their age who’ve bought a home have “made it.” While many aspire to do the same, nearly a quarter (23%) say they would feel able to buy sooner if the home‑buying process came with clearer guidance.

The Journey Home – a dining experience explaining the homebuying journey

With 65% of Gen Z discussing their homebuying plans over dinner, Lloyds has partnered with award-winning restaurant group Six by Nico, to help turn aspiration into action and launch the UK’s first home-buying tasting menu.

The limited-edition six-course dining experience brings the homebuying journey to life through food, from the excitement of dreaming about what the home will look like, to the moment people finally get their keys , giving diners a first glimpse at how to navigate the process with confidence.

The menu will be available for one day only at public dining experiences in London, Manchester, Leeds and Birmingham

Each event is free to attend for aspiring homeowners via online sign-up here.

Kate Townson, Mortgage Director at Lloyds: “Buying your first home is a milestone that often comes with uncertainty and many people tell us they’re unsure where to start. We see these challenges every day and we’re here to help make sense of the process from the moment they begin thinking about what’s possible. By partnering with Six by Nico, we’re opening the conversation in a more approachable way, making the journey feel less intimidating for first-time buyers.”

Nico Simeone, Six by Nico founder comments: “Six by Nico has always been about telling stories through food. This exclusive menu transforms the emotional milestones of buying a home into a six-course dining experience that will give aspiring homeowners food for thought. This is something truly unique for diners that we hope will turn house-buying aspirations into action.”

Visit the First-Time Buyer hub here for more information on how Lloyds can help with the homebuying process. Visit https://www.sixbynico.co.uk/the-journey-home/ to sign up to the waiting list for one of the dining experiences.