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Buying your first house

Buying your first house

First-time buyers getting on the property ladder just got harder as the average deposit for first-time buyers rose to more than £32,000 in 2016, according to an annual report.

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In London, the deposit for those making their first purchase hit an average of £100,000 last year, pricing many out of the housing market altogether.

The report reveals that the average first-time deposit has doubled over the last decade, while London prices have quadrupled during the same period.

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