Average first-time buyer deposits have risen by 7% in the past year
First-time buyers faced having to raise around £3,000 more for a deposit in 2019 than a year earlier
The average amount put down by a first-time buyer in 2019 was £46,187 - 7%, or £3,032, higher compared with the average £43,155 deposit the year before, Halifax found.
Across the UK, typical first-time buyer deposit sizes range from an eye-watering £109,885 in London to a substantial £24,091 in the North East of England.
The average price paid by a first-time buyer in the UK last year was £231,455, up by £18,252 (9%) from a year earlier (£213,203).
Burnley, in the North West of England, was identified as the most affordable area for local first-time buyers - calculated by comparing average earnings with average house prices - with a ratio of 3.1.
The least affordable was Hackney in London, with an average house price-to-earnings ratio of 12.1.
The average price paid for a home by a first-time buyer in London has increased by £27,764 or 7% in the past year alone.
The price of an average first-time buyer property in the capital has more than doubled over the past decade, from £222,107 to £453,385.
Published: by Radio NewsHub