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.
This story is from the July 16, 2023 edition of The Sunday Mirror.
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This story is from the July 16, 2023 edition of The Sunday Mirror.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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