Money management tips for beginners

If you’re committed to buying your first home, ensure you’re doing everything you can to save as much as possible towards your deposit. It’s also worth noting that cutting down on unnecessary spending, as this has the added benefit of showing lenders you’re sensible with your money.

If you don’t know where to start, try some of the following:

Create a separate savings pot – If you want to make sure you’re saving money and not touching it, a separate savings pot/account is a good place to start
Make use of price comparison websites – Whether it’s utility bills, insurance, or even your weekly food shop, price comparison websites can help you save hundreds of pounds
Download a saving/budgeting app – Try downloading a saving/budgeting app, as this does the hard work for you.  For instance, our HomeBuying app helps you to calculate exactly how close you are to reaching your savings goals.

REMEMBER TO USE THE BROKER CODE “LUCRA”

Speak to a mortgage adviser

Finally, if you have a small deposit and want to buy your first home, it’s a good idea to get the right advice from the right people. Our award-winning team of expert mortgage advisers have access to more than 12,000 mortgages from 90+ different lenders. We even have access to exclusive offers and products that can’t always be found on the high street, so we’re always in a great position to find the right mortgage for you. 

Contact us today to start your mortgage journey.