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 ...