Southampton listed as one of the most affordable cities for first time buyers

Southampton has been listed as one of the most affordable cities in England, according to new research.

According to research by online wealth manager, Nutmeg, and based on the number of years needed to save for a ten per cent deposit using a Lifetime ISA (LISA), Southampton as come ahead of a number of other cities in the country.

In Southampton, it takes an average of 4.2 years for first time buyers to save for a deposit compared to over nine years in cities such as London and Guildford.

The city was therefore ranked as the 22nd most affordable city to put down a ten percent LISA deposit.