If you’re wanting to make that first step onto the property ladder, you might be wondering how you can make that dream a reality.
To help you on your journey to becoming a homeowner or upgrading your current property, we’ve created a handy house deposit savings calculator and planner to help you organise your finances.
Benefit from our easy-to-use savings calculator to find out how much you need to save per month and how long you need to save for before you reach your target. It’s worth noting that the higher your deposit, the better your mortgage rate too!
Enter the amount of money you’d like to save towards your house deposit. If you’re able to, it’s more economical to put down a larger deposit, as your mortgage rate will be lower. Generally, deposits start at 5%.
Let us know how much money you can comfortably save each month. Make sure to consider any outgoings you are currently paying. This should include, rent, bills, cars and living expenses.
If you’ve already started saving, let us know how much you already have set aside. Whether that’s £100 or £10,000.
Enter the estimated annual interest rate of your savings account.
Now you’ll be able to see how long it will take for you to save up money for your new build home.
What is your goal?
How much can you save
How much have you saved already?
Gross annual interest
rate on your savings (in %)
You could reach your goal 1 year sooner
by increasing your saving amount to £6000
(an increase of £1000 per year)
Terms & Conditions: Please note that all options will be dependent on the specification for your new home, and availability is according to key build stages. All options and extras will require 50% upfront payment at time of ordering. The final balance must be paid before completion and will not be refunded in case of home purchase cancellation.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
All images are used for illustrative purposes only and are representative only. They may not be the same as the actual home you purchase and the specification may differ. Images may be of a slightly different model of home and may include optional upgrades and extras which involve additional cost. Individual features such as windows, brick, carpets, paint and other material colours may vary and also the specification of fittings may vary. Any furnishings and furniture are not included in any sale. Please check with our sales consultants for details of the exact specifications available at the development(s) for each type of home and the associated prices.