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How much first-time buyers need to save for a deposit on a house in Greater Manchester

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With house prices continuing to soar and the cost of living crisis worsening, it is becoming much more difficult for people to buy their first home.

With the average house price in the UK at an all-time high, first-time buyers now need to save up a much bigger sum to get their foot onto the property ladder.

Before you begin your house hunting search, it is a good idea to know what average deposit is needed to buy a home - which often fluctuates depending on where you choose to live.

Taking into account the average house price and salary, Zoopla has calculated the deposit first-time buyers would need to save to purchase a home in each of Greater Manchester's 10 boroughs. READ MORE: The house hunting tip that can help you save £22,000 on your next home Although in some instances you can put a 5 percent deposit down, the average deposit for a first-time buyer is the UK is around 15 per cent of the purchase price, with the rest being borrowed via a mortgage.

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