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Ways to afford your own place

Ways to afford your own place

  • Consider buying with a sibling or friend rather than just a partner.

  • Some lenders have products that mean you don’t pay anything on your mortgage for the first couple of months to help you over the rest of your moving costs.

  • If you open a Lifetime ISA before you’re 40, you can use it to save for a deposit. The government will add a 25% bonus to your savings, up to a maximum of £1,000 per year.

  • Have a look at shared ownership. You don’t have to share with anyone. Instead, it means you buy a share of the property and pay rent to a landlord on the rest.

  • In Wales, you may qualify for a loan to help with the cost of a new-build home if you’re a first-time buyer

Need more information?

The best way we can help you is to have a quick conversation to understand your situation and recommend appropriate products. Contact us today for a no-obligation discussion.