Getting onto the property ladder can be a rather daunting process. First-time buyers today face an even bigger challenge with house prices in the UK constantly increasing and the cost of living soaring.
Therefore, before you begin house-hunting it is important to know what sort of salary is required to secure a mortgage, and the average deposit needed to buy a home in your area.
First-time buyers accounted for 51 per cent of all properties bought with a mortgage last year, up from just 38 per cent in 2020, according to analysis from Zoopla. READ MORE: Channel 4's Kirstie Allsopp whose family helped buy her first property says young people can afford a home if they give up coffee, gym and Netflix Zoopla has calculated the cost of the average price of a home for a first-time buyer in each area of Greater Manchester.
Using this data, we compare the income needed to be accepted buy a home across every borough of the region, as well as the average deposit of 15% and the most common property type for first-time buyers.
Read more on manchestereveningnews.co.uk
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