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
Employee of the month – December
14th January 2025
We are thrilled to announce that Firdows, our dedicated Finance Administrator, has been awarded the Employee of the Month! Firdows…
Renters Rights Bill update
14th January 2025
The Renters Rights Bill returns to the House of Commons today, 14th January 2025. MP’s will be discussing the latest…
Is your Landlord Insurance renewal due?
14th January 2025
We know navigating insurance can be a minefield. If your insurance is due for renewal soon or you simply want…
