You need £17,000 for a first home — Live Feedhttps://www.live-feeds.com/feed/you-need-17-000-for-a-first-homeContinuously updated, source-cited coverage. UK first-time homebuyers need £17,000 deposithttps://www.live-feeds.com/feed/you-need-17-000-for-a-first-homehttps://www.live-feeds.com/feed/you-need-17-000-for-a-first-home#u93863Fri, 02 Oct 2026 00:04:24 +0000First-time homebuyers in the UK need around £17,000 for a deposit on a home. The amount is based on a 5% deposit on the average UK house price of £272,000, plus moving costs and legal fees. Experts suggest various ways to save for a deposit, including setting aside a regular amount into a savings account. The Lifetime ISA, which helped 413,000 people buy homes, is being scrapped.Why it mattersThe UK housing market has become increasingly challenging for first-time buyers, with high house prices and large deposit requirements. The government's 'Your First Home' scheme aims to hel