article_snippet: A new first-time buyers’
article_snippet: The average UK first-time buyer currently pays around £150,000 for a home, putting down an average deposit of £25,000, according to figures from the Council of Mortgage Lenders.
article_snippet: In brokers London & Country, the typical price paid for a first home is £260,000.
article_snippet: Last year around 25,000 first-time buyers a month made it on to the property ladder, with an average income of £38,000.
article_snippet: the Government Government already has a number of initiatives aimed at those trying to buy their first property.
article_snippet: the Government Government provides those trying to buy their first property with a loan – which is initially interest-free – to make up the rest of the down payment.
article_snippet: We know that this is the key barrier when trying to buy a first home.