23 years to save for a house deposit? It really could take that long

iStock_000002419188XSmallA financial provider has revealed it could take tenants more than 20 years, to save the money required to put down as a deposit on their first house. Too Expensive Scottish Widows, who conducted the survey, discovered the average renter will save around £2,000 a year towards a house deposit. This means that it could take a whopping 23 years, to save the average £50,000, required to make the down payment on their first house. The survey, which involved ...

Housing & Mortgage Round Up: Mortgage approvals and house sales rise

Housing & Mortgage Round Up: Mortgage & House Sales RiseTwo positive stories for the housing market this week as we report that mortgage approvals and house sales are both on the rise. However, the news is not so positive if you are a tenant, with average rents still higher than a year ago and a new survey showing the drastic measures forced upon some people simply to pay their rent....