Average size of a deposit rises by £5,000

first_imgThe average size of a deposit on properties in England and Wales has increased by ten percent, according to conveyancing firm MyHomeMove.Its has compared deposit sizes for the first six months of 2015 with those during the same period this year and says home buyers paid an average deposit of £55,000, up from £50,000 last year, although the research also shows deposits as a percentage of house prices has decreased.“The drop in deposit percentages indicates that Government measures to ensure easier lending across the mortgage market have had a positive impact, especially for those outside the capital,” says Doug Crawford, CEO MyHomeMove.“However, while this sounds like great news for buyers, the reality is different. The price rise means that in real terms this decrease translates into an increase in most regions.“For many, the deposit comes from the equity in the property they are selling. However, there are still a large proportion of home buyers who will need to save thousands of pounds more to make the move onto, and up, the property ladder.”property sales rising deposits cost of deposits deposits December 15, 2016The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Housing Market » Average size of a deposit rises by £5,000 previous nextHousing MarketAverage size of a deposit rises by £5,000Research by HomeMove shows impact of fast rising prices in UKThe Negotiator15th December 20160592 Viewslast_img

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