How much first-time buyers now need to earn and save to buy a house in every Greater Manchester borough

manchestereveningnews.co.uk:

First-time buyers today face an even bigger challenge when it comes to getting a foot on the property ladder. House prices have been on the rise for the past few years and on top of the cost of living crisis, which is making it more difficult to save for a deposit, mortgage repayments are now expected to rise alongside interest rates.

Before you begin house-hunting, it is important to know what sort of salary may be expected to help you secure a mortgage and the average deposit you need to save to buy a home in each area of Greater Manchester.

Based on the average house price for a first-time buyer in each of the region's 10 boroughs, property site Zoopla has now worked out the average income and 15% deposit needed to buy a home in each area. READ MORE: Inside Greater Manchester's cheapest house going to auction for £20,000 with mould-ridden rooms and jungle garden First-time buyers looking to buy in Bolton can expect an average house price of £162,900, which is amongst the cheapest of the boroughs.

To get on the property ladder here, you will need a salary of around £30,800, and a 15% deposit equating to £24,435. To buy your first home in Bury you need a larger income of £39,800 a year, with a 15% deposit of £31,575.