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First Home Deposit Saving

A first home deposit plan for renters: a target built on real sold prices and buying costs, a dated timeline, the right accounts and government schemes, steady saving routines and a safe handover at exchange.

Free · Mac (Apple silicon) and Windows · v1.0.0 · Other platforms

Then open the Marketplace in the app, search for First Home Deposit Saving, and click Install. It goes into your own files, and works offline from then on.

Before you start: this plan is general information to help you organise your own money decisions. It is not financial, investment, tax or legal advice. Check decisions that matter with a qualified, licensed adviser in your country, and remember that investing and trading can lose money.

What it installs.

1

Pillar

1

Area

50

Projects

200

Starter tasks

💷 Personal Finance

First Home Deposit Saving

Saving for a first home deposit with a target, timeline, government schemes and high-interest accounts while renting.

  1. Sold-price research for your target areas
  2. Deposit target figure and percentage
  3. Buying costs budget beyond the deposit
  4. Monthly saving capacity while renting
  5. Deposit timeline with three scenarios
  6. Inventory of savings that count towards the deposit
  7. Choosing the account that holds your deposit
  8. First-home scheme eligibility check
  9. Opening a government-backed first-home savings account
  10. Payday standing order into the deposit pot
  11. Keeping the emergency buffer apart from the deposit
  12. Monthly deposit progress log
  13. Quarterly deposit timeline recalculation
  14. Deposit account rate watch
  15. Weekly underspend sweep into the deposit
  16. Pay rise and windfall split rule
  17. Sold-price watch in your first-choice area
  18. Yearly first-home account allowance and bonus check
  19. Deposit interest and the tax-free savings allowance
  20. Deposit pot withdrawal and refill rules
  21. How loan-to-value bands change the cost of buying
  22. Rules and penalties of your first-home savings account
  23. When deposit money is actually needed in a purchase
  24. Ownership routes for buyers with smaller deposits
  25. First-time buyer property transfer tax rules
  26. House price growth versus your saving pace
  27. Source of funds paper trail for your deposit
  28. Five percent now or ten percent later
  29. Moving to a cheaper rental to save faster
  30. Redirecting one large monthly cost into the deposit
  31. Side income ring-fenced for the deposit
  32. Cash or investments for a deposit under five years
  33. Ordering expensive debt and deposit saving
  34. Buying in a cheaper area than where you rent
  35. Halfway to the deposit review
  36. Readiness review when the deposit target is reached
  37. Unlocking fixed-term and notice money before offers
  38. Claiming first-home account funds through the conveyancer
  39. Sending the deposit to the conveyancer safely
  40. Tenancy notice timed to completion
  41. Saving a joint deposit with a partner
  42. Solo buyer deposit plan on one income
  43. Accepting a gifted deposit from family
  44. Moving back with parents to save the deposit
  45. Deposit saving on self-employed income
  46. Saving a deposit while raising children in a rental
  47. Deposit shares in writing when buying with a friend
  48. Regular saver ladder for the deposit pot
  49. Spreading a large deposit across protected institutions
  50. Stress test of the deposit plan

Where it starts.

Each project arrives with its purpose, milestones and first tasks written out. Here is how the first three read.

Sold-price research for your target areas

Asking prices on property portals often run ahead of what homes actually sell for, and a deposit target built on them is wrong from the start. An evening spent on recorded sold prices for two or three areas you could realistically live in gives you a price range grounded in completed sales. Every later number in this area, from the target to the timeline, starts from it.

First tasks

  • List two or three areas you could realistically live in and commute from
  • Pull ten recent sold prices per area for the home size you need
  • Note the typical and upper sold price for each area
  • Pick the area you will plan around first

Deposit target figure and percentage

A deposit is a percentage of a price, so the target only becomes real once both numbers are chosen. Picking a planning price from your sold-price research and a deposit percentage, usually somewhere between 5 and 20, turns a wish into a single figure you can save towards. Writing it down also shows early whether the plan needs a cheaper area or a longer timeline.

First tasks

  • Choose a planning price from your sold-price table
  • Write down the deposit percentage you are aiming for and why
  • Multiply the two and round the result up to the nearest thousand
  • Create a savings goal page with the deposit target at the top

Buying costs budget beyond the deposit

First-time buyers regularly reach their deposit and then discover they also need money for the conveyancer, the survey, lender fees, property transfer tax and the move itself. These costs can add several thousand on top of the deposit, and no lender will lend them. Estimating them now means the savings target covers everything the purchase needs on completion day.

First tasks

  • Get two online conveyancing quotes for your planning price
  • Use the tax authority's calculator to estimate property transfer tax
  • Price a basic survey and typical lender arrangement fees
  • Add removal, connection and furniture costs and total the list

Make it yours.

Install First Home Deposit Saving, then tell Aurum the date you're aiming for. It checks whether the plan fits the weeks you actually have.

Free · Mac (Apple silicon) and Windows · v1.0.0 · Other platforms

Blueprints are general information to help you organise your own work. They are not medical, financial, legal or other professional advice. See the Terms.