It’s getting harder and harder for first time buyers to save for a deposit. With the average apartment price at £246,202 in Berkshire, £199,174 in Hampshire and £319,603 in Surrey*, first time buyers are having to dig deeper into their pockets to rustle up the money for a deposit.
A lot of lenders offer 5% deposit options nowadays but these with come with a higher interest rate than if you save 10% or more. We know that even saving 5% of the purchase price can be challenging these days, so we’ve come up with some top tips for saving.
If you really want to move out, then with some focus and a bit of creative thinking, this shouldn’t be as hard as you first thought.
If you want any further financial advice, we recommend you speak with an Independent Financial Advisor – click here to book your free consultation.
*Average house prices from Zoopla, correct as of March 2019
We also offer to give £250 of our selling fee to your chosen local school upon selling your property. This is just one of the many ways we give back and help support the local community. If you'd like to learn more about our Back to Schools initiative and would like to discover more about what happens on a property valuation, please click here.