How to Save Money for a Mortgage in under 1 YEAR!

Some tips to speed the process up, learn to save fast and understand it takes sacrifice to get the deposit saved in under a year

This article is aimed at those typical first time buyers who have yet to move out yet. However, regardless of your circumstances, make sure you have a read as there are some nuggets of information here that can help anyone budget or save more money.

I bought my house aged 23, 8 months after finishing my Full Time Masters Degree and after having an offer accepted on our house in March 2015. So in that time, my partner and I saved up enough to put down £17000 on a house that cost £170000 and we also had enough to fully furnish the house and have £5k left over. So, carry on reading if you want to learn how I saved for a mortgage and some of thing things you can do to start saving now.

For full disclosure I will detail all my income which was minimal and I earn over double this now in my day job. I will breakdown my outgoings from paying my mum rent to paying for other bills I had. *I want to make it clear that I was also given £5k by my grandparents and my partner received £1k from hers. However, like I said we had £5k spare after fully furnishing our house so you can see that we saved a significant part of this in 9 months.