Mortgage guarantee scheme – Rightmove’s latest average 5% deposit and price growth

A mortgage guarantee scheme is set to be announced at the budget for all buyers up to £600,000, we’ve put together the latest figures on asking prices and how many properties could be eligible under the scheme.

86% of properties up for sale have an asking price of £600,000 or less
Since the 2013 Help to Buy mortgage guarantee scheme was first launched, national asking prices have increased by 29% from £246,748 in October 2013 to £318,580 in February 2021
Since the 2013 Help to Buy mortgage guarantee scheme was first launched, national asking prices for first-time buyer properties have increased by 36% from £147,464 in October 2013 to £200,692 in February 2021
The national average asking price for all properties is currently £318,580, which is 3.0% higher than February 2020
The national average asking price of a first-time buyer property is £200,692, which is 3.6% higher than February 2020

The average asking price and average 5% deposit and 10% deposit by region for all properties is as follows:

Region	Average Asking Price Feb-21	Average Asking Price Feb-20	Annual change	5% deposit	10% deposit
East Midlands	£236,453	£229,099	3.2%	£11,823	£23,645
East of England	£363,974	£353,078	3.1%	£18,199	£36,397
London	£621,886	£629,053	-1.1%	£31,094	£62,189
North East	£159,430	£151,206	5.4%	£7,972	£15,943
North West	£215,561	£200,985	7.3%	£10,778	£21,556
South East	£414,445	£404,114	2.6%	£20,722	£41,444
South West	£318,449	£308,106	3.4%	£15,922	£31,845
West Midlands	£240,789	£231,893	3.8%	£12,039	£24,079
Yorkshire and The Humber	£202,809	£197,344	2.8%	£10,140	£20,281
National	£318,580	£317,058	3.0%	£15,929	£31,858