What are the top 10 sacrifices prospective homeowners make to save a deposit?
Posted 24 February 2015 by Keith Osborne
Despite the relative success of Help to Buy, the prospect of owning a home remains a distant dream for today's 18-34 year olds. The biggest stumbling block is the need to raise a significant deposit to finance the purchase of a home, and a recent survey has highlighted some of the most common steps taken by prospective homebuyers to save the thousands of pounds required to get on to the ladder. Here's the top ten most common sacrifices...
Cutting down on socialising and seeing friends
Going without holidays
Avoiding eating out
Taking on another job or extra shifts at work
Cutting down on essentials
Giving up expensive hobbies
Walking instead of taking the car or public transport
Moving back in with parents
Putting a wedding on hold