average cost of first home
With the cost of the average UK home now at around Â£170,000 (according to Halifax figures for August 2013), thatâs means saving a total of Â£17,000. To start accessing the better interest rates however, youâll need at least 25% to put down which â on the same cost of the average home â means saving a whopping Â£42,500.f you are buying a house or flat worth more than Â£125,000, you will also have to fork out for stamp duty â a tax which can slap on thousands of pounds extra to the overall cost of your purchase.