I’m hoping to save £25,000 and will use a help-to-buy Isa – where else should I put my money? Q I have a good credit rating, am disciplined with money and earn £27,000. I am hoping to save about £25,000 to put down as a deposit when I buy a flat costing between £80,000 and £90,000. I will be 48 or 49 when I am ready to buy and would like a mortgage term of 18 years so that it’s paid off just as I retire. (I intend to overpay so hopefully will be paid off more quickly than that.) I have two questions. First, given my age and the short mortgage term I want, are lenders likely to agree to this? Second, I am saving £800 a month, of which £200 is going into a help-to-buy Isa. Where should I put the remaining £600 per month? Continue reading…
Via: What's the best way to save for a deposit for a flat?
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