£102,000 DEPOSIT TO BUY FIRST HOME
The Sunday Mirror|July 16, 2023
Fortune needed for an affordable loan
MIKEY SMITH
£102,000 DEPOSIT TO BUY FIRST HOME

FIRST-TIME buyers now need to stump up a deposit of £102,000 just to get an affordable mortgage, a study has shown. 

The huge sum is the average amount they need to put down if they want to keep payments at the same level as a year ago, before interest rates rocketed.

Then, people trying to get on the property ladder paid deposits of £30,000.

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