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You need £17,000 for a first home - here's how to do it

Photo: BBC

If buying your own home is the finishing line, then saving up the money to get there is a marathon.

The "Your First Home" scheme , announced on Saturday, aims to help first-time buyers in England get on the housing ladder with a small deposit.

Currently a 5% deposit on the current average UK house price of £272,000 plus moving costs and legal fees - will set you back about £16,850, according to financial information service Moneyfacts.

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