The Mortgage Deposit Deficit

How Affordable is Telford as a Place to live?

New research has found that Telford is the 118th cheapest place to live in the UK out of 380 local authorities.

Average house price in Telford is £155,401

Average joint salary of a couple in Telford is £48,902

Average minimum mortgage deposit required in Telford is £7,770

Average couple will take 7 years to purchase a house outright

In many of London, the average deposit needed is over 100k!

How much was your first house?

https://www.moneysupermarket.com/mortgages/mortgage-deposit-deficit/

The Mortgage Deposit Deficit

Huge deposit requirements mean buying a house locally might be an impossible dream for those in certain parts of the UK. Find out the worst-affected areas here.

One thought on “The Mortgage Deposit Deficit

  • July 24, 2017 at 9:36 am
    Permalink

    Yeah thats 7 years if you didn’t have to pay for everything else to live there. Gas, electric, council tax, water, TV, food, own expenses. Also a couple on £24,000 each.. plus tax 20% on that.. and National insurance 12%. What aload of shit.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *