HOUSE prices have fallen in recent months – but the average cost of a UK property still remains a tough ask for some.
Halifax said the typical cost of a UK home was £285,932 in June, down 2.6% from the same month in 2022.
Not everyone can afford to fork out that much though and it means you would have to save more than £14,000 even for a 5% deposit.
To put down a 10% deposit and secure a lower mortgage rate, you’d need a staggering £28,000 in savings.
But for prospective first-time buyers without so much cash in the bank, there are still some homes you can afford for a lot less.