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First Time Buyers Are Struggling To Save Deposits [Infographic]

We've produced an infographic about how first time buyers are struggling to save deposits. With thanks to PropertyWire.com for the research that they carried out.

A Quick Overview

  • 36% feel they have no prospect of buying in the next 10 years
  • 73% do not expect to buy before phase two of the help to buy scheme ends in 2017
  • 5% expect to buy in the next 12 months
  • 32% of aspiring home owners are actually saving
  • 19% can't afford the monthly mortgage payments
  • 62% of first time buyers still can't afford a 5% deposit
  • 17% actually able to save each month
  • 2 in 3 can't get the 5% deposit saved
  • Regular savers saving £393 a month for 5% deposit would take 1 year 7 months. £7,792 for the average first time buyers home in the UK and 3 years for London Property.
First Time Buyers Struggle To Save Deposits
Jonathan Rolande

Authored by Jonathan Rolande

Jonathan started in the property industry in 1987 and has extensive knowledge of the property buying sector. Jonathan is also an avid supporter for more regulation in the industry that protects sellers.

Last updated on 20/03/2014 by Jonathan Rolande.

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