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

Jonathan Rolande began in the property industry in 1987 and has extensive knowledge of the property buying sector. Jonathan is also an avid supporter of greater regulation in the industry. Founding the National Association of Property Buyers to offer essential information to property sellers.