Homeowners taking their second step and trading up to a bigger home need to find £136,000 helped by recent equity gains.
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The number of remortgage buyers in the capital has reached an eight year high in 2017 driven by competitive mortgage rates.
Costs to first time buyers are £900 per year less compared to renters and over their mortgage term buying a home saves them £27,000.
The number of young adults on middle incomes owning a home has more than halved in twenty years with rising house prices.
Properties in the South West of England are rising at 7.5% over the year compared to the slowest region of London with growth of only 2.5%.
Mayor of London will restrict overseas buyers and give Londoners and UK-based buyers first dibs to secure new build homes.
The rapid rise of house prices in cities has outstripped earnings and means affordability levels have reached a ten year low.
The number of first time buyers has risen for the sixth consecutive year to 359,900 with deposits doubling in the past decade.
Annual growth of equity release lending has reached a 15 year high as homeowners access wealth from their property.
The number of home movers reached 370,300 the highest level for 10 years thanks to low mortgage rates and demand for homes.