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Average deposits for purchases using the Help to Buy mortgage guarantee scheme - HTB2 - reached a 10 month high in February according to data from the Mortgage Advice Bureau.

Buyers using the scheme in February put forward an average deposit of £9,936, up by 9.2 per cent from £9,099 in January. It meant HTB2 deposits reached their highest point since April 2014 when they stood at £11,438.

Average HTB2 deposits have now risen for three successive months from a low of £7,856 in November 2014. This has added more than £2,080 to the typical sum needed to support a house purchase through the scheme.

However, Mortgage Advice Bureau's analysis shows how the upcoming HTB ISA - announced by Chancellor George Osborne in last month's Budget - will provide a significant boost by cutting the time needed to save the average deposit.

The saving scheme - which will see government contributing £50 for every £200 saved by first time buyers up to a maximum of £12,000 -could help a first time buyer couple to build up the average £9,936 deposit in just 15 months, some 10 months faster than if they were saving on their own at the same rate.

Under the ISA arrangement, the government bonus would supply £1,987 of this sum at the end of the savings period. This means that by saving only £7,949, a customer could build up the full £9,936 deposit required for an average HTB2 mortgage.

A first time buyer couple who both make use of the HTB ISA and save the maximum allowance of £200 each per month could reach the £7,949 target in less than two years (20 months), compared with 25 months if they tried to save the whole £9,936 at the same rate without government support.

By each contributing the maximum £1,000 when they first open an individual HTB ISA, they could take another five months off this timescale, reducing their total time saving by ten months. This would leave them needing just 15 months to hit their deposit target. If they started saving in October 2015, they would hit their goal by December 2016.

Mortgage Advice Bureau's data shows the average HTB2 customer has a salary of £30,185. Someone with this level of income would need to put aside 10 per cent of their net monthly salary (£1,967) to make the maximum £200 monthly contribution to the HTB ISA.

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