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

Writer's picture: Gary LumbGary Lumb


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.

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Yorkshire Rose Financial Planning Ltd is an appointed representative of Sense Network Ltd which is authorised and regulated by the Financial Conduct Authority. Yorkshire Rose Financial Planning Ltd is entered on the FS Register (https://register.fca.org.uk/s/) under reference 778188 and registered with Companies House England and Wales No. 10708121.

Registered Office: The Studio, Stables Lane, Boston Spa, Wetherby, LS23 6BX

 

The information contained within this website is subject to the UK regulatory regime and therefore targeted at consumers based within the UK. The Financial Conduct Authority does not regulate Tax Advice or Workplace Pensions

The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services business aren’t able to resolve themselves. To contact the Financial Ombudsman Service, please visit www.financial-ombudsman.org.uk.

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