【Nationwide】Affordability special report

Affordability special report: Raising a deposit still the biggest hurdle for first time buyers despite affordability becoming more stretched

• High house prices relative to average earnings continue to make raising a deposit a significant barrier for first time buyers (FTBs)
• 20% deposit equivalent to 110% average income – a record high and up from 102% one year ago
• House prices have risen quicker than earnings over last year resulting in increase in cost of servicing a mortgage relative to take-home pay
• North region & Scotland remain most affordable

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