Friday, August 25, 2006

First time buyers out of the ball park

First-time buyer needs over £29,000 savings

The average first-time buyer must now save three quarters of their income to get a foot on the property ladder, new research has claimed. In its first accessibility index the Royal Institution of Chartered Surveyors found a first-time-buyer couple must save 74% of their take-home pay to find the £29,200 needed to meet the upfront costs on a typical home, including the deposit and stamp duty. Anyone surprised?

Posted by tinecu @ 11:29 AM (565 views)
Please complete the required fields.



One thought on “First time buyers out of the ball park

  • Which compares well to the £30,000 of debt that they actually have.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>