Trying to buy your first home? how to save for the deposit
It can be really hard for first-time buyers to pull together the deposit they need to purchase a home.
Low incomes, expensive rents, and high property prices make it tough to set aside enough cash.
Typically, first-time buyers will need a deposit of somewhere between 5% and 20% of a property’s value.
That means you’ll need thousands of pounds possibly even tens of thousands of pounds just to step onto the first rung of the property ladder.
But plenty of people do manage it. And not everyone relies on inheritance or the Bank of Mum and Dad, either.
It’s hard, and perhaps unfairly so compared to past generations, but it can be done through saving alone.
Here are some tips to help you reach your savings goal.
Set a clear target and a deadline
Know exactly what am...