Average deposit amounts decreased from 2006 to 2007 in Edinburgh (11%) and Glasgow (18%).
The average deposit by mortgage applicants in 2006 was £30,742 rising almost 23% in 2007 to £37,779.
The Deposit average in Birmingham rose by 52% in 2006 / 2007, that’s more than twice that of the UK average. Similarly, the Greater London average increased by 59%.
While the average deposit amount in Greater Manchester fell 32% from 2006 to 2007.
Loan To Value (LTV) Trends
Birmingham saw a 2% decrease (down from 86%) in 2006 to 84% in 2007, this was a below average decrease for the UK.
Greater London also saw a below average decrease, 5% between 2006 and 2007.
The UK wide average LTV ratio fell from 87.08% in 2006 to 85.15 in 2007, a year-on-year decrease of 2.2%.
Edinburgh’s LTV ratio remained at 84% in both 2006 and 2007, but Glasgow experienced an average LTV decrease of 2.2% - in line with the UK average.
