The salary you need to earn to buy a house across Dorset towns

The 95 per cent mortgage guarantee scheme, which launched on April 1, allows people to purchase properties with as little as a five per cent deposit.

The scheme is aimed at first-time buyers with low deposit or limited equity or those looking to get onto the property ladder.

But what you need to earn to be able to afford a home in areas of Dorset varies depending on the area. At least a £10,000 deposit would be required to help purchase a mortgage.

However, the scheme came under scrutiny when it was recently revealed that most of the major banks have not yet agreed to lend for purchases of new builds.

• Read more - How much do you need to earn to buy with 5% deposit?
• Read more - 'We need small housing developments in Dorset not huge ones' 

The five per cent deposit means you will need to borrow a 95 per cent mortgage and mortgage providers generally offer borrowers 4.5 times their salary. For example, for a property at £200,000, you would require a £10,000 deposit and an annual salary of roughly £42,000.

Of course, the best way to buy a house is to have a ‘partner in crime’, such as your other half or friend, and combine your savings and salaries to be able to afford the deposit and the monthly mortgage costs. A donation from the ‘bank of Mum and Dad’ may also be very helpful.

Broadly speaking, the average house price in Dorset is £352,603, which means a house buyer would require a deposit of £17,630 and an annual salary of £74,438.

Broadstone near Poole is the area with the highest deposit at £24,034 with an annual salary of £101,478 needed to buy a house in the area. Meanwhile Portland is by far the most affordable, with a £10,628 deposit and annual salary of £212,553.

In order to see what deposit and salary you would require to purchase a home in areas of Dorset, we have used Zoopla’s average house price and calculated the maths to see what you need to have before buying a new home.

Beaminster – Deposit of £16,357 and an annual salary of £69,061. The average house price in the area is £327,132.

Bere Regis – Deposit of £16,649 and an annual salary of £70,294. The average house price in the area is £332,973.

Blandford Forum – Deposit of £16,720 and an annual salary of £70,598. The average house price in the area is £334,414.

Bournemouth – Deposit of £16,852 and an annual salary of £71,183. The average house price in the area is £337,042.

Bridport – Deposit of £16,820 and an annual salary of £71,019. The average house price in the area is £336,406.

Broadstone – Deposit of £24,034 and an annual salary of £101,478. The average house price in the area is £480,684.

Cerne Abbas – Deposit of £17,636 and an annual salary of £74,464. The average house price in the area is £352,725.

Charmouth – Deposit of £19,735 and an annual salary of £83,325. The average house price in the area is £394,699.

Christchurch – Deposit of £21,101 and an annual salary of £89,091. The average house price in the area is £422,012.

Dorchester – Deposit of £17,511 and an annual salary of £73,934. The average house price in the area is £350,216.

Ferndown – Deposit of £20,721 and an annual salary of £87,486. The average house price in the area is £414,411.

Gillingham – Deposit of £13,201 and an annual salary of £55,737. The average house price in the area is £264,016.

Lyme Regis – Deposit of £22,574 and an annual salary of £95,313. The average house price in the area is £451,482.

Poole – Deposit of £17,280 and an annual salary of £72,960. The average house price in the area is £345,602.

Portland – Deposit of £10,628 and an annual salary of £44,872. The average house price in the area is £212,553.

Shaftesbury – Deposit of £16,417 and an annual salary of £69,317. The average house price in the area is £328,342.

Sherborne – Deposit of £17,119 and an annual salary of £72,281. The average house price in the area is £342,385.

Sturminster Newton – Deposit of £16,624 and an annual salary of £70,190. The average house price in the area is £332,480.

Swanage – Deposit of £20,035 and an annual salary of £84,592. The average house price in the area is £400,700.

Verwood – Deposit of £18,867 and an annual salary of £79,662. The average house price in the area is £377,345.

Wareham – Deposit of £18,980 and an annual salary of £80,141. The average house price in the area is £379,613.

Weymouth – Deposit of £14,161 and an annual salary of £55,523. The average house price in the area is £264,016.

Wimborne – Deposit of £20,624 and an annual salary of £87,079. The average house price in the area is £400,700.