The size of the average deposit needed to access the
property ladder fell below £9,000 in September, according to Mortgage Advice
Bureau (MAB) – but only for those using the Help to Buy mortgage guarantee
scheme (HTB2). Home buyers using the HTB2 scheme were able to access the
property ladder with average deposits of just £8,974 in September, according to
new data from the company. This is a 3% decrease since August – when the
average HTB2 deposit was £9,229 – and significantly lower than September’s
purchase market average of £67,929 (-87%). Read more on the Housing Excellence
website.
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