The likelihood of taking out home owner loan and buying their own house is becoming a distant dream for many individuals in the UK, as a new survey has discovered that, on average, it will take someone at last ten years to save up a large enough deposit to meet lenders strict loan to value ratio criteria. The survey of over 1 million people, which was conducted by the savings and investment website InvestorBee, found that people living in the North of England had the best chance of being able to save a 20 per cent deposit to go with a home owner loan, due to lower house prices, but even here it will take a minimum of ten years to save a sufficient deposit
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20 Years To Save For A Home Owner Loan Deposit
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