7 ways to save a mortgage deposit to buy your new home fast.

  1. Stop renting and move back home to your parents house.
  2. If you own your home, get a lodger in to help reduce your mortgage payments and increase the amount you can save each month.
  3. Downsize your property, either by renting a smaller place or selling and moving to a smaller place.
  4. Get help with your deposit from either your parents or Government scheme like Help to Buy.
  5. Create a budget and stick to it.
  6. Buy a portion of a property through shared ownership.
  7. Get a temporary second part time job and increase your income.