First-time buyers in Edinburgh & Glasgow will need £58,000 deposit

Research reveals that deposits required by first time buyers are set to serge by 55% in Edinburgh over the next 10 years.

Research conducted by Opinium on the behalf of mortgage adviser L&C discovered that deposits for first time buyers (FTB) are expected to increase by 55% in Edinburgh and 48% in Glasgow over the next decade.

The research also found that FTBs expect that 44% of their deposit will be sourced through cash savings, 15% through a Help to Buy ISA and 11% is expected to come from a sum from parents or other family members.  

Read more about this research here.