First-time buyers today face an even bigger challenge when it comes to getting a foot on the property ladder. House prices have been on the rise for the past few years and on top of the cost of living crisis, which is making it more difficult to save for a deposit, mortgage repayments are now expected to rise alongside interest rates.
Before you begin house-hunting, it is important to know what sort of salary may be expected to help you secure a mortgage and the average deposit you need to save to buy a home in each area of Greater Manchester.
Based on the average house price for a first-time buyer in each of the region's 10 boroughs, property site Zoopla has now worked out the average income and 15% deposit needed to buy a home in each area.
