Deposits rise by 22%

The average house deposit jumped by 22% to £105,260 over the past five years, according to research by Lloyds Bank. The average price paid by those moving home also went up, by 32%, to £329,648. The largest deposit was paid by people in London (£213,907); the smallest in Northern Ireland (£56,763). Lloyds said a total of 160,540 people used a mortgage to move house in the first half of 2019, an annual rise of 1%.

The Sunday Times (01/09/2019)

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