Tuesday, January 27, 2009
“Homeownership is beginning to look a much more realistic goal for thousands of 1st time buyers”
Almost two fifths of prospective first-time buyers are increasing the rate at which they save towards a deposit in 2009, with the average saving £20,000, shows research from Abbey Savings. Some 38% of those already saving towards a deposit say they are looking to increase the rate at which they put their money away in 2009. Meanwhile, 40% of those without any form of deposit stated that they had now decided to start saving this year. With house prices looking increasingly affordable, those with a deposit said that they intended to try and save on average an extra £203 each month this year in order to get on to the property ladder, while those who were just beginning to save a deposit said that they intended to put away £123 on average each month.