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Saving for a mortgage. Next step?
S_Mitch
Posts: 2 Newbie
Hi Everyone.
I know the subject of mortgages probably comes up all the time but the info always stops at help to buy ISA's and LISA's.
I started a LISA last year and now I have maxed it out for this tax year but I am still no where near able to get a mortgage so need to keep saving.
Where is the best place to keep saving? Another ISA or multiple regular savers (I save about £1000 a month)?
Thanks for your help and advice,
I know the subject of mortgages probably comes up all the time but the info always stops at help to buy ISA's and LISA's.
I started a LISA last year and now I have maxed it out for this tax year but I am still no where near able to get a mortgage so need to keep saving.
Where is the best place to keep saving? Another ISA or multiple regular savers (I save about £1000 a month)?
Thanks for your help and advice,
0
Comments
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Keep contributing to LISA and open some regular savers. Lots about. Could easily have 4 a month at £250 each.
That's all you can do, just save. It takes most more than just one year to get a deposit together. I've been doing what I suggested for 3 years and end of next year I'd have about 70k deposit.0 -
Check out this MSE page on savings accounts: http://www.moneysavingexpert.com/savings/savings-accounts-best-interest"If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
Save £12k in 2025 - #024 £1,450 / £15,000 (9%)0 -
Thanks for the advice
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