how much deposit for a house first time buyer
Average first-time buyer in London needs Â£200,000 loan and a Â£64,000 deposit to get on the property ladder. 1  First-time buyers in London typically take out mortgage of nearly Â£200,000. 2  They also put down 25% deposit, which works out at more than Â£64,000.verage first-time buyer in London needs Â£200,000 loan and a Â£64,000 deposit to get on the property ladder. 1  First-time buyers in London typically take out mortgage of nearly Â£200,000. 2  They also put down 25% deposit, which works out at more than Â£64,000.