Average house deposit tops £80,000

29th January 2016

House buyers put down an average deposit of £81,721 in December, a 15% increase year-on-year and the highest level since the Mortgage Advice Bureau began collating the figures in 2009. "An inevitable repercussion of rising house prices is that higher deposits are required," Brian Murphy, head of lending at the MAB, said. The research also revealed that the average buyer's loan-to-value fell to 68.2% in December, the lowest LTV since June 2010. The MAB also recorded a 2.9% fall in the average salary of homebuyers from £39,983 in December 2014 to £38,820 last month.

The Times (27/01/2016)