FTBs need £32,000 deposit - study

According to the study by moneysupermarket, 13% of 18-34 year olds are considering stepping on to the property ladder for the first time in the next 12 months. A quarter of first-time house hunters (25%) have the deposit saved already. For those who have not yet secured their deposit, over a quarter (29%) will rent until they have saved enough money, but 16% are considering taking out a loan to cover the cost. A total of 14% are hanging their hopes on property prices dropping further with 6% hoping to see 100% mortgage deals return to the market. Louise Cuming, head of mortgages...