Saving for that all-important property deposit can be a challenge for a first-time buyer, especially when balancing a high cost of living while trying to set aside money each month.
Of course, such difficulties have always existed, but young adults today face increasingly higher barriers to entry into the property market. Data from the Office for National Statistics (ONS) shows the average age of a first-time buyer in the UK is 36, up from 32 in 2004.
If you are saving for a property deposit, this guide will walk you through all the available options and the steps you can take to help you buy your first home.
Download your copy of ‘The first-time buyer’s guide to saving a property deposit’ now to discover:
- How much you need to save for a property deposit
- Practical tips that could help you save more effectively
- Why a mortgage in principle could be useful for setting a goal
- How a family mortgage works and if it could be an option for you.
If you’re preparing to buy your first home, we could offer you guidance throughout the process. Please contact us to speak to one of our team.
Please note:
This article is for information only. Please do not act based on anything you might read in this article. All contents are based on our understanding of HMRC legislation, which is subject to change.
| YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE. |
Approved by The Openwork Partnership on 11/09/2024.
Production