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"On the money: Ways to ease the long climb to a home loan"

Link to Evening Standard

"In 1995, the average first-time buyer needed to spend just

11 months

looking to own their first home.

In 2013, they spend

10 years, 10 months

trying to get on the property ladder in London."

"... The findings, by Barclays, also reveal that Londoners underestimate the size of the deposit they require by more than £20,000, and the length of time it will take to save it, by almost four years.

"The average deposit required for a first-time buyer in the capital is £70,000, yet most assume they need just [sic] £47,728, creating a deposit gap of £22,272."

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