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/
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.
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.