First time buying?

If you’re a first time buyer, you may be interested to know:

  • In March 2011, the average house price in the UK for first time buyers stood at £150,011 which is an annual decrease of 0.3%
  • According to Credit Action, the typical first time buyer deposit in March was 21% (£30,952)
  • The average first time buyer borrowed 3.15 times their income
  • The average first time buyer loan was £116,438
  • A survey by moneysupermarket.com has found that the average age at which people in the UK expect to be able to buy their first property is now 38

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