READER QUESTION
Q I’m saving up to buy my first house. Can you tell me what the average first-time buyer deposit is please?
A The average first time buyer deposit across the UK was £62,470 in 2022, according to data from Halifax. But this varied by region, from an average of £30,198 in the North East to an average of £125,378 in London. If you’re hoping to get on the property ladder, read the First-time Home Buyer guide at moneyhelper.org.uk.
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