READING has been included in a list of least affordable 'cities' for getting on the property ladder.

According to research by investment company Nutmeg, savin for a 10 per cent deposit in Reading properties in Reading takes among the most number of years needed to save for a 10 per cent deposit using Lifetime ISA (LISA),

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New research from digital wealth manager, Nutmeg, finds the dream of home ownership is an average of 4.8 years away for aspiring homeowners. In Reading it takes an average of 5.9 to save for a 10 per cent deposit.

Nutmeg investigated how long it takes to put enough money away for a 10 per cent deposit in England and revealed that in the least affordable cities, it could take a first-time buyer with no previous savings more than nine years to get together their deposit.

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Hereford, St. Ives and Luton are the places that equal the overall average, where an individual first-time buyer will take 4.8 years to put away enough money for a 10 per cent deposit.

This number rises to more than nine years in two of the least affordable places – London and Guildford, followed by Cambridge, Winchester and Oxford, where it would take more than eight years on average to get on the property ladder.

Some of the more affordable areas include Leicester, Manchester and Sheffield, where it takes an average of 3.5 years.

Lisa Caplan, Nutmeg's head of financial advice, said: "Many people dream of owning their first home, and we know that a house is the top investment goal for Nutmeg customers, but it can seem unachievable.

"However, by putting some money away each month and making the most of a government top-up available through a Lifetime ISA – your aspirations for home ownership might be closer than you think."

For more details about the research and full rankings across England, click here.