Deposits vary by region for first-time buyers
7th August 2023
To buy a home in the UK, first-time buyers have an average deposit of between £26,400 and £144,500.
The average deposit paid by a first-time buyer in the UK is 24% of the purchase price (UK Finance), with many putting down a larger deposit down for their first home.
Most expensive is London, where the average deposit is £144,500, almost a third of the average sale price.
Mortgages aimed at first-time buyers, such as the 100% deposit or the shared ownership scheme, can work out cheaper than renting and have helped many onto the property ladder. Source: #Dataloft, UK HPI, UK Finance
Preparation for the next renting season
26th September 2024
Although it may seem as if new tenants have only just moved in, the next renting season is already on…
Employee of the Month – September
26th September 2024
Our EOTM this month is one of our dedicated Property Managers – Parisa Salehi! With the upmost professionally, Parisa is…
Strongest Growth in House Price
26th September 2024
House prices edged up 0.3% in August, with annual growth rising to 4.3%, the fastest pace since late 2022….
