The best city to be a first-time buyer

Research has revealed the least and most expensive cities to be a first-time buyer (FTB) in the UK.

 Aberdeen came out on top as the cheapest, as a typical home costs £102,601* (assuming that an FTB property has two bedrooms or fewer). The average monthly mortgage payment is £406 if the borrower has a 20% deposit and a term of 35 years.

 London is the most expensive city, with a first home usually costing £501,934. St. Albans follows behind as the priciest place outside of the capital - the average asking price for an FTB is £391,964 and monthly payments are typically £1,454. This is also with a 25% deposit, which is the average in England.

 We can help you navigate the property market – get in touch for advice.

 Your home may be repossessed if you do not keep up repayments on your mortgage 

 * Rightmove