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.
Buying your first house
Buying your first house
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.
