LV= has warned that the highest number of house-buyers in seven years means that many people will be depleting their savings and may be in need of income protection.
Figures from the Council of Mortgage lenders showed that there were 26,100 first-time buyer loans in December 2014, with an increase of 15% in the number of loans compared to 2013.
Myles Rix, managing director of LV= protection, said: "Industry figures reveal that 2014 saw the highest amount of first-time buyers in seven years.
"Getting the keys to your first home is always extremely exciting. However, for many this will have significantly depleted their savings - meaning that they could struggle to meet their financial commitments if they were unable to work for a period of time.
"Income protection offers people peace of mind that they can protect their income and home in the long run, whether a first time buyer, moving up the ladder or renting."