A hit and run driver who moved down a boy of 12, a vile bully who terrorised his ex in front of her screaming children and the Arena bomb plotter are among the people from Greater Manchester who have been jailed this week.
09.02.2022 - 14:13 / manchestereveningnews.co.uk
Getting onto the property ladder can be a rather daunting process.
First-time buyers today face an even bigger challenge with house prices in the UK constantly increasing and the cost of living soaring.
Therefore, before you begin house-hunting it is important to know what sort of salary is required to secure a mortgage, and the average deposit needed to buy a home in your area.
First-time buyers accounted for 51 per cent of all properties bought with a mortgage last year, up from just 38 per cent in 2020, according to analysis from Zoopla.
READ MORE: Channel 4's Kirstie Allsopp whose family helped buy her first property says young people can afford a home if they give up coffee, gym and Netflix
Zoopla has calculated the cost of the average price of a home for a first-time buyer in each area of Greater Manchester.
Using this data, we compare the income needed to be accepted buy a home across every borough of the region, as well as the average deposit of 15% and the most common property type for first-time buyers.
Zoopla have also worked out the salary you would likely need to get the mortgage.
First-time buyers looking to settle down in Bolton can expect an average house price of £135,000.
The most common property type for new home owners in this borough is a three-bed terrace.
To get on the property ladder, you will need an salary of around £23,600, and a 15% deposit equating to £20,250.
In Bury, first time buyers need a much bigger income of £29,900 a year to buy their first home.
The average house price for first time buyer homes here is £165,000, with the most popular property type being a three-bed semi detached home.
A deposit needed for this sort of home would be around £24,750, based on 15% of the house
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