Get your finances in order
Part 5: Deposit Planner
Now you have a good idea of the deposit required, potential move costs it’s time to plan how you will save for that deposit. We also explore alternative ways to increase the amount you can afford including the governments help to buy schemes and alternative ways to buy property including getting help from friends and family.
It’s time to set a savings goal
If you are serious about buying a house, then now is the time to set yourself a realistic achievable savings goal.
By setting a goal that is achievable you will be more likely to
- Start actually saving because you now have a clear goal
- Stick to it because you have chosen an achievable amount rather than just giving up
Have a play with the calculator below. It shows that with a steady monthly saving amount you could reach your target sooner than you might think.
Further down we look at alternative ideas for increasing your deposit.
Learn more alternative ways to save more and get help to buy a property
What are my next steps?
Check your outgoings and existing debts
Up Next: It’s time to look at your spending habits. This will help you decide on the the correct mortgage amount as well as identify opportunities to reach your savings goal.
Also, it’s time to review your existing debts as these could potentially reduce the amount lenders will let you borrow.
Need more help? Search for your perfect mortgage adviser
Talk to a friendly mortgage adviser to save time and hassle and get clear and the best next steps for you. They can help you work out your finances. When you are ready they will find you the best deal for you and make your mortgage application easy. And better still our advisers can also help you put together the right team to ensure your sale goes smoothly. Answering all your questions every step of the way.
- Get a proper check on what you can afford
- Find out what deals you qualify for
- Save time with the application
- Get help dealing with estate agents and conveyancers
- Have a dedicated adviser to answer your questions at every stage
The legal part. Move Engine is a business set up to help buyers through online help such as the article above. Whilst every effort is made to ensure the accuracy of our tools and articles you should always seek your own personal advice for your specific circumstances from an FCA approved advisor or lender. Move Engine can not accept responsibility for your actions as a result of the generic information supplied on our site and tools. If you notice a problem with any of the tools or information provided then please report it to hello @ move-engine.com.