Claim: The average deposit for a first-time buyer is going up to £9,000.
Fact-check: Keir Starmer's claim about first-time buyers' deposits based on estimate of future increases - Full Fact
Verdict: this isn't correct. labour says mr starmer was referring to deposits increasing by £9,000 instead. the £9,000 figure is based on a consultancy estimate which appears to project the extra savings required for a "typical" first-time buyer's deposit by 2030. the english housing survey found the average deposit for a first-time buyer in 2021/22 was around £44,000, and other estimates are higher.
Organisation: Full Fact
Author: Hannah Smith
Date published: 2023-05-03T00:00:00