The stamp duty holiday may have worked wonders in reviving homebuyer demand but research from national estate agent, Keller Williams UK, has highlighted the downside to buoyant market conditions, as the cost of the average mortgage deposit has climbed by £11,000 in some areas of the UK market. Keller Williams UK looked at the cost of buying a home based on the average mortgage deposit at 15 per cent of property value and what this looks like in the current market when compared to June of last year when the stamp duty holiday first launched. At £234,474, the current UK average house price requires homebuyers to stump up £38,461 for […]
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