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First-Time Buyer Deposit Trends in NI

Carla Brogan

Commentary By

Carla Brogan

Brand Marketing Manager

At PropertyPal, our research provides valuable insights into how first-time buyers across Northern Ireland are planning their deposits and financing options. Understanding these trends can help prospective buyers make informed decisions as they navigate the journey to homeownership.

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Deposit Goals
The most common deposit target among first-time buyers is up to 10%, with 36% of buyers aiming to save this amount. Setting realistic deposit goals is often a crucial first step in determining how much buyers can afford and which mortgage options are available to them.

Financing Approaches
When it comes to financing, the majority of buyers—87%—are planning to use a deposit along with a mortgage. A smaller portion, 10%, are considering co-ownership options, which can help make property ownership more affordable. Meanwhile, 3% of buyers plan to make their purchase with cash, highlighting a range of financial strategies being used across the market.

Price Ranges
First-time buyers are targeting a variety of price ranges when looking for a home. 39% are setting their sights on properties priced above £180,000, while 30% are focusing on homes under £140,000. This spread shows that there are opportunities for first-time buyers across different budget levels, depending on their deposit savings and mortgage options.

Solo vs. Partner Purchases
Buying a home is a big decision, and many first-time buyers are choosing to share this experience with a partner. 61% are buying with a partner, which can often make it easier to secure a larger deposit and a more favourable mortgage. On the other hand, 34% of buyers are purchasing on their own, which shows that solo buyers are also active and determined to enter the property market.

Balancing Savings and Affordability
First-time buyers in Northern Ireland are carefully considering their options, balancing savings, financing, and affordability to make homeownership a reality. Understanding your financial position and what is realistically within your budget is essential when searching for the right home. Whether planning a deposit, exploring mortgage options, or considering co-ownership, being well-prepared helps make the journey smoother.


At PropertyPal, we are committed to providing resources and insights to help first-time buyers navigate this process, so you can find the perfect home for your future.