Saving a deposit together to buy a home seems to be an increasingly difficult prospect for many first-time buyers. But in the area that Zoopla has named the most affordable in the UK, it may be possible.
The property website says the average house price in the area is £101,400, which is four per cent higher than it was 2022 but still 185 per cent under the national average of £290,000. With most banks having five per cent as the minimum deposit on mortgages, buyers may only need to save £5,070.
The area is Inverclyde, on the west coast of Scotland with very picturesque views out over the River Clyde. For anyone not needing the space of a house, there are one-bedroom flats available on the Rightmove website at the moment in the area’s main town of Greenock for £35,000 reports the Express.
