How to Save for a House Deposit

It’s 2016, and your resolution may have been to finally take the plunge and buy a new house.

Your next step is to go house hunting and put a deposit down, but with the holidays only recently finishing and your bank account may be dwindling, we’re helping you with a guide for saving!

If you’re a first-time buyer, you may be seeking advice on how to save for a house deposit and the sacrifices you’ll have to make.

Liaising with mortgage lenders

A good place to start is asking mortgage lenders those questions you may be afraid to ask – your aim is gather as much information as possible covering what you can and cannot afford.

It is recommended that you look into the types of loans that are available and can be tailored to your income.

Cutting things out

If you’re partial to having weekly takeaways, splashing out on having the latest technology, and even purchasing lunch when you’re at work, you may want to cut down on all of these things. It’s the small savings that help – making your own lunch every morning can make a noticeable difference!

Learning to live without luxuries

You’ll need to be strict with your budget when you are saving for a house deposit, limit your extravagant weekly food shop and be frugal.

Saving for your house deposit can be difficult but it will be worth it when you eventually move into your new home, that is, after the packing (which we can help you with) and the actual removals and the move!

If you would like to know more about our removal services, then get in touch today.