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Deposit amounts
wymondham
Posts: 6,356 Forumite
With the average deposit now being £30k (this is the whole amount of my mortgage just 25 years ago for a 3 bed semi), will the average deposit in 25 years be the current average purchase price again?? have things shot up quickly in this 25 years, or is this typical??
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Comments
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As an ftb of a tiny vitorian 2 bed terrace not in London 15 years ago my 20% deposit was 30k, incomes were a lot lower in those days so it was harder to save it than it would be now.
(On the other hand that 30k would only get you a 6% deposit on the house I bought in 2001).I think....0 -
Me and my Partner just brought a property with a 80K deposit which was just over 30% of the property price. Prices have shot up in my area I spotted one property that was marketed at £195,000 two years ago and this week it's on for £230,000, clearly they must be having a laugh.0
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