Average purchase deposits on the rise
Average deposits rose in nine out of eleven regions during October according to new data from the Mortgage Advice Bureau, resulting in the average purchase deposit reaching £71,301. This represents a monthly increase of 0.9% and an annual rise of 3.5%. Whereas the largest monthly increase in average deposits took place in East Anglia, where typical deposits rose 11.6% month-on-month, the highest figures can still be found in London where they have risen to £179,248.
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