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The Independent UK
The Independent UK
Lifestyle
Kate Ng

It takes the average person eight years to save for house deposit

Getty Images/iStockphoto

First-time buyers take an average of eight years to save enough money for a down payment on their first home, new research has found.

According to the Barclays Mortgages’ First Time Buyer Index, the average person starts saving for a deposit at 24-years-old and buys their first home when they are 32.

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