New Home Owners And Snagging Forum

Home Owners => Mortgages and Insurance => Topic started by: The Prophet on July 09, 2011, 11:29:10 am

Title: First-time buyer deposits
Post by: The Prophet on July 09, 2011, 11:29:10 am

The average deposit put down by first time home buyers in London
is currently £56,000.

Title: Re: First-time buyer deposits
Post by: FirstTimeBuyerGuru on September 08, 2011, 08:04:51 pm

It just goes to show...there's London and then there's the rest of the UK!

Title: Re: First-time buyer deposits
Post by: Philofacts on September 09, 2011, 11:37:00 am

This has always been the case.
the London market is different to anywhere else.

Title: Re: First-time buyer deposits
Post by: Banjo on October 26, 2011, 09:30:17 am

The average first-time buyer's age is now 37.  In London it is 43.
The housing market is still high enough to mean first time buyers will need to work for at least 16 years before they can afford to buy a home.