Saving a house deposit
Saving for a house deposit
Buying a house these days is an expensive task - and the first hurdle every buyer faces - is trying to saving for the house deposit.
The average house price in the first half of 2010 was £225,000 - when this is broken down to the type of house - this is:
- Detached £344,989
- Semi-detached £196,506
- Terrace £177,633
- Flat £199,669
A first time buyers looking to buy the average flat would ideally need at least 10% deposit - which means they need to save an average of £20,000 to just get themselves on the housing ladder. Of course it can be done cheaper than this but it still requires thousands of pounds of savings to pay for the deposit, a survey, the estate agent fees and paying for removal men too.
Buyinpieces can help you get on the housing ladder a little more easily. With a little help from your friends some generosity for your family - you could watch your savings for a house deposit grow and grow.
Little by little, Birthdays, Easter, Christmas - any excuse you can think off - friends and family can contribute towards you house deposit - adding funds to your Buyinpieces list. You can set your list to close as far in advance as you think it's going to take - if the list raises enough money sooner - you can simply close your list and the funds will be instantly transferred to you.
And if your successful - raises your house deposit, find your first home, get on the housing ladder. Then don't for get the customary fish and chips eaten over an upturned pacing box on the first night you move in...
Good luck from everyone at buyinpieces.
So if trying to get your first step on the housing ladder why not create a buyinpieces list? Make your life easier and let your friends club together to share the cost of your house deposit.
