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
We raised £25,800 for The Clock Towers Big City Sleep Out
6th December 2023
Braving the elements—wind, rain, and cold—our team at Coapt smashed the #bigcitysleepout for The Clock Tower Sanctuary. This involved spending…
Employee of the Month – November 2023
6th December 2023
We are thrilled to announce Chelcie, our maintenance coordinator as our Employee of the Month for November! Since stepping into…
Landlords’ Guide to Mould
6th December 2023
Despite diligent efforts to ventilate and maintain dry environments, mould has an uncanny knack for resurfacing persistently. The burning questions:…