First time buyers - how to save for a house deposit

Posted on Nov 18 2021 by Cobbles

Property is usually a sound investment and everyone wants to get onto the property ladder if they possibly can. It’s easy to do our maths and find out what mortgage repayments we can afford, but the sticking point can be finding the deposit. Lenders are now offering larger percentage mortgages than a few years ago. However, it’s still worth remembering that the larger the deposit you can put down, the more likely you are to be offered a mortgage and the less you have to pay back. If you want to buy property and you need to save a deposit, here are some ideas:

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