Just 4 Mortgages
10 Ways to Save for your Deposit Faster
Guide
Are you currently saving for a mortgage deposit and feel like you're climbing a never ending staircase? It can be surprising how a few little changes can increase how much you can save each month. Saving up for your deposit can take a long time so here are 10 practical ways to save for your deposit. 🏘️
1. Look into taking out a Lifetime ISA - One of the two reasons ISA's exist is to help make purchasing your first home easier. The government provide a 25% bonus each month into the account based on your contributions.
2. Cut out unnecessary subscriptions - Get rid of those little subscriptions that you do not need or can find cheaper elsewhere.
3. Keep track on your spending - Write out your monthly budget to help track where your money is going each month.
4. Sell unused items - Sell those unwanted items and make a bit of extra cash for your deposit
5. Automate your savings each month - Set up a standing order to your savings account. This ensure you are consistently putting money into your savings each month
.webp)
.jpg)
.webp)
.webp)
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but a typical fee will be £494