First-time buyers to face huge rise in mortgages

Posted By on December 7, 2017



First-time buyers to face huge rise in mortgages
L&C Mortgages reveals that the average first-time buyer deposit could be set to rise by nearly 60 per cent over the next 10 years. The current average deposit for first-time buyers sits at a huge £51,821, and could go up to as much as £65,930 by 2022. By 2027, first-time buyers may need to put down 28 per cent of a property’s value, which could amount to a deposit of £81,468, up by £29,647 from the current average deposit put down. Looking at different cities across the UK, deposits are set to r…
First-time buyers to face huge rise in mortgages
First-time buyers to face huge rise in mortgages