The first-time buyer’s guide to saving for a property deposit

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 guide is for general information only and does not constitute advice. The information is aimed at retail clients only.

The value of your investments (and any income from them) can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance.

Investments should be considered over the longer term and should fit in with your overall attitude to risk and financial circumstances.

Your home may be repossessed if you do not keep up repayments on your mortgage.

We hope that you find this useful but please let us know if you have any questions or need anything further.