In this guide:
Average first time buyer deposits around the country
Since the lockdown, the number of low deposit mortgage deals has dwindled. This is one of the main reasons that first time buyers are finding it hard to get onto the property ladder during the coronavirus pandemic.
If you really want to get onto the property ladder, one thing to consider is buying property in a more affordable area.
You might have a 10% deposit for a 2-bed flat in London, but the same amount of money could give you a 25% deposit on a similar property in Brighton.
Or a 10% deposit for a 3-bed semi in Oxford could be the same as a 20% deposit for the same type of property just over the border in Gloucester.
Take a look at the map above to find out the average deposits for first time buyers around the country. This is based on Trussle's own data for first time buyers that have used our free mortgage advice.
You can search by the first two letters of a postcode or the name of the postal district. For example, IP for Ipswitch or SW for South West London.
Compare our best first time buyer mortgage deals
Use our mortgage comparison table to find a first time buyer mortgage deal. If you find a deal that suits your situation, click Continue and you can talk to one of Trussle's expert mortgage advisers for free.
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