Saving tips for your next house deposit in 2024

In today’s competitive housing market, saving for a mortgage deposit can feel daunting for many aspiring homeowners. However, with careful planning and disciplined saving habits, achieving this financial milestone is within reach.

Here are some practical tips to help you save for your mortgage deposit.

Start by determining how much you need to save for your deposit based on the property price and your lender’s requirements. Set realistic savings goals and create a timeline to track your progress.
Review your monthly income and expenses to identify areas where you can cut back and allocate more funds towards your savings. Stick to a strict budget to ensure you’re consistently setting aside money for your deposit.
Set up automatic transfers from your current account to your savings account each month. This “pay yourself first” approach ensures that your savings are prioritised before you have a chance to spend them.
Research government schemes which can help you get on the property ladder with a smaller deposit. These schemes often offer favourable terms and incentives to encourage savings.
Choose savings accounts with competitive interest rates to maximise your earnings on your deposit savings. Compare different accounts and consider opening an ISA for additional incentives.

With high house prices continuing and affordability continuing to be a concern, having a sizable deposit can give you a competitive edge in the housing market.

A larger deposit often translates to lower monthly mortgage payments and reduced borrowing costs in the long run.

By adopting smart saving strategies and staying disciplined with your finances, you can make significant strides towards achieving your goal of homeownership.

Whether you’re a current homeowner looking to move or a prospective buyer looking to step onto the property ladder, your adviser is there to provide the guidance you need.

For more information, get in touch with our advisors, who can support you and discuss the options that are available to you.

Making it personal with our Google reviews

    
 
 
       Dan Roberts 
 26/08/2026
 
 
  The team at Oviso, particularly Arran, were absolutely fantastic and made the whole process of applying for a mortgage really simple and straight-forward. As first time buyers, Arran made any and all time available to help answer questions and guide us through the process, it really felt that he had our best interest at heart through the entire process and no "sales" style pressure. A huge thanks and we will be recommending them to others looking for this service.
  
 
      mark burgess 
 26/08/2026
 
 
  I recently enlisted the Help of Arran at Oviso for the purchase of my house. My job is unusual in that my wages can vary and some lenders are wary of that. Arran was brilliant in sourcing a lender that understood the nature of my job and were happy to lend. Throughout the process both he and Nicola were both pro-active with communication as well as being on hand to answer our shot questions and allay any worries we had. Arran really knows his stuff, and was able to explain everything to us simply, and in a way that wasn’t confusing with all the financial jargon that can get thrown around. With thanks to Arran, Nicola and the wider team at Oviso, we now have our wonderful home.
  
 
      Nick Smith 
 12/08/2026
 
 
  Excellent service as always from Matt and the team.  Definitely recommend their services to anyone. Thanks guys
  
 
      Kerry Toolan 
 10/08/2026
 
 
  We have just used Oviso for the sixth time in 15 years Every time we've moved or re mortgaged we have used them to get the best mortgage deal and life insurance policy. Each time the experience has been efficient, professional and friendly and all the advice we have received we feel has been delivered by expert's. Their customer service is faultless and we would not hesitate to recommend them to anyone. Thank you to Matt, Helen and all the team.
  
 
      Anne Simpson 
 05/08/2026
 
 
  Always a pleasure dealing with Amelia, Matt and the team at OVISO
  
 
      Chewis Mahogany 
 23/07/2026
 
 
  Great service by Arran and the team, have had his help a few times now in the past 5 years, he and the team are always on hand to support and guide you through the journey with their knowledge and expertise.
  
 
      Anthony Lomas 
 22/07/2026
 
 
  This wasn’t the first time I’ve used Oviso and it certainly won’t be the last. Brilliant advice from Arran and efficient support throughout from Nicola.
  
 
      sean holland 
 22/07/2026
 
 
  We have recently re mortgaged and whilst staying with our existing lender should have been the easiest option it proved to be very difficult. I was then advised to try Oviso and we didn't look back. From an initial meeting with Matt at his office in Derby the whole process has been trouble and stress free. We can't thank the team enough
  
 
      Corey O'Hara 
 22/07/2026
 
 
  10/10 service from start to finish thank-you so much!
  
 
      John-Daniel Marshall 
 01/07/2026
 
 
  Great people to work with, sat in my new house now thanks to Arran, who widened what we thought was possible.
  
 
 
  
 
 
   Google rating score: 5.0 of 5, based on 150 reviews

Saving tips for your next house deposit in 2024

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Making it personal with our Google reviews

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