The size of the deposit the average first-time buyer has to pay is falling, it has been noted.
Editor at buyer magazine What
He stated: “There has been research saying that for first-time buyers, in the last three or fourth months, every month they have to come up with three per cent less deposit for their first home.”
Mr Wilkie added that while the 1.98 per cent deal offered by Woolwich is more likely to interest those remortgaging, eventually deals like this and the 1.99 per cent product recently introduced by HSBC will be available to first-timers at lower LTVs.
According to the Council of
However, the average income multiple required for a