It can be hard work but getting into the regular habit of saving will show mortgage lenders that you can manage your finances. Decide what type of property you’re looking for and start looking around. Work out how much deposit you’ll need. If you have a NatWest savings account and are registered for Online Banking, you can use our Savings Goal tool to track your progress.
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Costs you may not have considered until now
Your home may be repossessed if you do not
keep up repayments on your mortgage.
NatWest mortgages are available for over 18s.
So... you’ve managed to get together a deposit for your first home. That’s great but don’t forget there are some extra costs that you’ll need to budget for.
There are no fixed rules about these extra costs – how much you pay all depends on the house or flat you’re buying, where you live, your mortgage deal etc.
This isn’t full list of all the costs that could be involved but it’s starting point to help you work out what you can realistically afford.