First-time buyer funding
13th November 2023
The average deposit paid by a first-time buyer was £43,693. Perhaps unsurprisingly, almost two-thirds (63%) were in the top 40% income bracket.
Just over two thirds (68%) of first-time buyers paid less than a 20% deposit, while a fortunate 5% were mortgage-free.
85% reported funding the purchase of their first home with savings, whilst 27% received help from family and friends and 8% used inheritance.
Despite high costs, first-time buyers accounted for 53% of all home moves in Q3, the highest proportion in over a year. With increasing stability and the likelihood of mortgage rates coming down, more first-time buyers may enter the market in the coming months. Source: #Dataloft, English Housing Survey 2021/22, Really Moving
Confused by the Renter’s Rights Bill: You’re Not Alone
22nd July 2025
With the Report Stage having proceeded in the House of Lords this month and with news that the Renters Rights…
The Effect of a Rise in Inflation on Brighton Property Prices
22nd July 2025
On 16 July, the Government announced that the UK inflation rate had increased to 3.6%. Here’s how it could affect…
How the Brighton Student Landscape Has Changed
3rd July 2025
It’s been a strange season for student landlords in Brighton. Normally by spring, most houses are snapped up, groups are…
