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The UK regions with the highest and lowest average first-time buyer deposits

The property market is unstable at the moment making it increasingly difficult for first-time buyers to get on the ladder.

As a result, experts at Confused.com mortgages have looked at the latest data and found the UK regions with the highest and lowest average first-time buyer deposits. 



First-time buyer average deposit 2021

First- time buyer average deposit 2022

Greater London



South East



East Anglia



South West



East Midlands



West Midlands






North West



Yorkshire and the Humber






Northern Ireland



North East



As we can expect, first-time buyers in the Greater London area have to save up the highest deposit for their first property with the average deposit sitting at £125,378  because house prices in this region are the highest. However, this still represents almost double that of the next highest region. 

In the South East, a first-time home buyer should expect to save up around £68,749 to purchase their first property. This is up from £60,953 back in 2021. 

East Anglia recorded the third-highest average first-time buyer deposit in the UK at £60,169 in 2022. This was around £5,000 lower the year before at £55,250.

The UK region with the lowest deposit is the North East with first time buyers needing to save £30,198 this is up from £26,769 from the year before.

The research above was part of Confused.com’s latest first time buyer report Further key report findings include: 

  • Over 9 in 10 (91.6%) of homeowners aged between 16-24 are living in their first home 
  • Kensington and Chelsea recorded the highest first-time buyer house price of £1.2 million in 2023
  • Thanet has seen the largest year-on-year increase in first-time buyer house prices of 8.3% since 2013
  • Elmbridge recorded the greatest difference between first-time buyer property prices and overall house prices at 43.9%
  • While no longer available, the UK has benefitted a total of £23.7 billion from the Government’s equity loan scheme.

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