FTB average deposit nears £30k

But the mortgage lender adds the proportion of disposable income needed for mortgage repayments was now the lowest for 12 years, at 27%. Meanwhile, new figures by the Bank of England show mortgage holders are continuing to pay down their loans. BoE figures for Q3 show borrowers cut their collective debt by £6.1bn during the period. Collectively, those with mortgages have been reducing the amount outstanding since the second quarter of 2008 and have paid in £49.7bn since then. The £6.1bn figure was the net injection of equity that people have put into their homes since the first ...