How big a deposit do you need to buy a house?
The analysis of the top 30 cities and regions in England and Wales shows the average deposit needed to put down 20% of the purchase price is £26,468 but it can be as high as £72,760 (London, no surprises, followed by Reading at £39,789) or as low as £14,470 (Blackburn) or £15,707 (Blackpool).
Sean Oldfield, chief executive officer, Castle Trust said: “Parents and grandparents are being called on more and more to help children with their first deposit and the proportion of the population owning their own home without family help is likely to continue to fall. Aspiring homeowners need alternatives to borrowing from family which is why the Government has launched a range of initiatives including NewBuy and FirstBuy.
The cities requiring the lowest deposits for homebuyers are:buying house, moving house, real estate
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