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
Employee of the Month- April 2025
12th May 2025
A huge congratulations to Patrick Hession, our Senior Lettings Negotiator, for being named Employee of the Month! Patrick has gone…
Best Cafés to Study in Brighton
7th May 2025
After months of studying at home or in the uni library, many students are finding that staying productive in the…
Barclays Unveils Sub-4% Mortgages as Rates Show Signs of Easing
30th April 2025
Positive news coming out of the Mortgage industry today as Barclays Bank has expanded its range of sub-4% mortgage deals,…
