Overview
- Saving 10% of average net pay at roughly £320 a month would take nearly six years to build a typical UK deposit.
- It would take about nine years to save the deposit in London versus around four years in parts of northern England.
- Regional estimates include North East £13,100, Scotland £13,900, and Yorkshire and the Humber £15,400.
- Higher-cost areas outside the capital also stand out, with the Outer South East at £26,300 and the Outer Metropolitan area at £32,800.
- Affordability pressures persist in lower-paid jobs, where typical mortgage payments could reach about half of take-home pay, though Nationwide expects gradual improvement as incomes outpace prices and interest rates ease slightly.