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
Staying Ahead of the Curve: 5 Smart Ways Brighton Landlords Can Stay Compliant with EPC Changes
9th April 2025
Energy efficiency has become a central focus for UK landlords. And in Brighton with our mix of Victorian terraces, seaside…
New Sanctions Checks from May 14: What Landlords Need to Know
9th April 2025
From 14 May 2025, a new set of government regulations is coming into force around sanctions checks – and while…
Employee of the Month- March 2025
7th April 2025
Huge congratulations to Adam, our incredible Sales Manager, for being named Employee of the Month! From starting as a one-man…
