09/09/2025

One of life’s biggest milestones is undoubtedly saving for a house. However, one of the most common roadblocks to getting on the property ladder is saving up for a deposit, and, with house prices only continuing to rise, saving for a deposit has become even harder in some cities.

This blog will discuss the least and most affordable cities to save up for a deposit, especially for Gen-Z buyers, as well as giving some advice from our conveyancing solicitors on how to help potential buyers prepare financially and legally for their first step onto the property ladder.

The Housing Market in 2025

Since 1997, average house prices in England have risen by 173%, while wage growth has fallen behind. The ONS reports that in 2023, only 7% of local authorities had homes costing less than five times the average salary, down from 88% in 1997.

A separate study found that Gen Z are likely to face mortgage repayments twice as high as those of millennials, and The Times recently reported only 1 in 10 under-44s can now afford to buy a home.

Beswicks Legal’s study reveals how long it will take Gen Z to save for a 10% deposit in each city, based on average local salaries and Sophie Ellis, Property Lawyer, shares her expert advice on how to shorten this time and prepare financially and legally.

The Top 10 Least Affordable Cities to Save for a Home

The figures reveal that in places like Cambridge and London, Gen Z buyers may be unable to afford a deposit until well into their 30s, with it taking on average 17-18 years to save for a house deposit in these areas. Other cities where it may take 10+ years on average to save for a house include popular cities such as Bristol, Edinburgh and Brighton.

In all of the top 10 least affordable cities to save for a home, it takes longer than a decade on average to do so, and this doesn’t include conveyancing costs and overheads.

The Top 10 Most Affordable Cities to Save for a Home

 

In contrast, cities in the North East and North West offer some of the shortest saving times, with young buyers in Blackpool needing under five years, and Liverpool and Nottingham both taking less than 7 years to save for a home.

The study by Beswicks Legal highlights a deepening North-South divide in housing affordability, with the majority of the most affordable cities to save for a deposit being in the North of England and Scotland.

Stoke-on-Trent, where we have a team of conveyancing solicitors, is another one of the top 10 most affordable places to save for a house deposit, with the average time less than seven years.

“Buying your first home can feel overwhelming, especially in today’s market” says Sophie Ellis, Property Lawyer at Beswicks Legal. “Renting while saving for a deposit is one of the toughest financial balancing acts for young people today. Add in rising living costs, and it’s no wonder saving timelines are stretching.” But she’s optimistic. “With early planning and the right support, Gen Z can absolutely get on the property ladder, even if it takes longer than previous generations.”

Expert Advice for Saving to Get on the Property Ladder

With the housing market the way it is, and due to the average time to save for a house deposit being so high in some areas, here are some of our expert tips for helping you save for your first step on to the property ladder:

Make the most of government support

Our recommendation for young buyers and first-time buyers is to explore the Lifetime ISA, which offers a 25% government bonus on savings up to £4,000 a year, and Stamp Duty relief for properties up to £625,000. Schemes like the Mortgage Guarantee also allow first-time buyers to access mortgages with just a 5% deposit.

Explore flexible buying routes

Shared ownership and income booster mortgages can open up options that feel out of reach otherwise, especially for buyers with limited savings or single incomes.

Start preparing early

A good credit score can make a big difference. Build your credit history now, and don’t wait to speak to a solicitor or mortgage broker. Early advice helps you set realistic goals and avoid costly mistakes.

Factor in hidden costs

Beyond the deposit, first-time buyers need to budget for legal fees, surveys, mortgage setup costs, and Stamp Duty (if applicable). These additional expenses can delay buying by up to a year if they’re not planned for.

Full ranking of cities

Property Expertise from Beswicks Legal

Here at Beswicks Legal, we offer expert conveyancing services in both Stoke-on-Trent and Altrincham. Our team of dedicated solicitors in Stoke-on-Trent and Altrincham hold a wealth of technical expertise and their passion and friendly approach is what sets us apart from other law firms.

We are here to take care of all the conveyancing and property legalities so that you can concentrate on the practicalities of ensuring a smooth move to your dream home. Wherever you are on the property ladder we can help you to climb to the next rung. Get in touch with us today for expert advice on saving for your first home, or any other conveyancing needs.