5-Spring Saving Tips! Getting your first mortgageBack to all blog posts
It's time to start saving with these mortgage saving tips!
Getting your first mortgage can be a daunting experience – you’re getting used to a new financial world and sometimes things can be a little complicated. One thing doesn’t need to be – and that’s saving for that mortgage in the first place. Even though this part can be relatively pain-free, it’s also one of the more off-putting tasks for some people in getting their first mortgage. If you know what you’re doing and are saving your money effectively, you can make the process of getting your first mortgage a whole lot easier and feel a lot less jarring.
Tip #1 Define how much you trying to save.
When you have a clear financial goal, even baby steps feel like accomplishments – and that they should! Being able to have a clear view of what you’re doing, how it’s going and if it needs changing is very important to be able to effectively save for your first mortgage.
Tip #2 Make sure you've considered all the costs.
- – Valuation fees
- – House survey fee
- – Search fees
- – Land Registry fees
- – Conveyancing fees
Tip #3 Decide on the 'how'
Tip #4 Tech is here to help
There are a million and one different apps available nowadays to help you save money – whatever the reason. There are even digital tools that manage investment portfolios in such a way that is ideal for saving for a house. Test the digital waters and see what works best for you and your financial goals. You can also ask around for recommendations from people who have secured a mortgage before or from the company with which you plan to get a mortgage. Saving is made a lot easier with digital tools to assist and tailor to your personal journey. Finding the right app – and not settling for less – will be key to unlocking your saving potential and allowing you to get your first mortgage without a bunch of heartache.
Tip #5 It's time to commit!
Let's tie it all together!