Tips for Saving Money Part Two – Your First House Deposit

Posted on June 2, 2017 by Lauren May
Tips for Saving Money Part Two – Your First House Deposit

This is the second blog in our ‘tips for saving money’ series, this time it’s about saving money to put towards a deposit for a house or apartment in London. Getting your foot on the property ladder isn’t easy but it’s a good investment for your future; you’re paying a mortgage instead of paying rent every month and getting nothing in return, and you have a place you can call your own – which is something to be proud of.

One of the key aspects to getting value for money in the London property market is to know what your ideal target is. Are you looking to buy a two bedroom apartment with good transport links, preferably a Tube station, with at least one bathroom and a kitchen? Do you have a specific area you’re looking at or a budget limit? Are you looking to move out of your current rental apartment and find a three bedroom house which doesn’t add more than twenty minutes commute from your work? Do you want a garden or possibly a balcony?

Make a list of what you would ideally want when you start searching for properties. Even though this might be your first house or apartment deposit, it’s a commitment that you need to try and get as much out of as possible. You’ll have to make compromises at various points in your property search but you shouldn’t start before you’ve seen your first viewing.

Once you’ve worked out a few viable areas in London which suit your criteria and you have an understanding of the types of properties available there, and at what price, it’s time to start putting the number together. Work out how much you need to save each month to reach your target in twelve months. This is the essential link between planning and a plan of action. You can now look at your current finances to see how much you can realistically put aside into a savings account, with a view to arranging a mortgage and being able to pay a deposit within the set timeframe. It’s well worth visiting mortgage advisors now to start discussing relevant mortgages available to you so you’re ready when the time comes.

When you’ve found the perfect house or apartment and you’re finances are right, it’s time to arrange a mortgage, put an offer in, and if all goes well and it’s accepted, you can start planning your big moving day. And that’s the right time to contact Aussie.

Aussie is known as London’s favourite movers due to our dedicated team of professionals and our range of services that can’t be matched by any other removals company. We pride ourselves on being a one-stop company where you will find every service you could ever need when it comes to removals and storage.

At Aussie, we use our dedicated specialists to estimate what’s required for every job we do, and that means you’ll be hiring a company with over 20-years of removals experience, who will help you plan your relocation, ensuring that every base is covered, so we can help to remove as much stress as possible for your big move.

Aussie is the can do company – we take on every job with individual care and attention. We plan out every detail and we let nothing deter us from providing the best customer service available in London.

Contact us today and you’ll learn why we’re London’s favourite movers