Making your move feel a little more achievable
Whether you’re hoping to buy your first home or already thinking about your next move, getting your finances in place is often where the journey begins.
Saving for a deposit can feel like a big goal, but understanding how much you might need, what other costs to plan for and what you could comfortably afford each month can make it feel much more manageable.
Here are a few things to think about as you start saving for your Cavanna home.
Work out how much you might need
You don’t need to wait until you’ve saved a certain amount before you start exploring your options.
Speaking to a mortgage adviser early can help you understand how much you may be able to borrow, the deposit you’re likely to need and what your monthly repayments could look like.
Once you have an idea of your budget, you can set a savings target that feels realistic and start looking at the Cavanna homes that could be within reach.
Build your deposit
For most buyers, the deposit will be the biggest upfront cost of buying a home.
Setting up a separate savings account and making a regular payment into it each month can be a simple way to build your deposit over time. Even if the amount varies from month to month, having somewhere dedicated to your house fund can make it easier to see your progress.
If you’re a first-time buyer, it’s also worth looking into whether a Lifetime ISA could help. If you’re eligible, you can save up to £4,000 each tax year and receive a 25% government bonus on your contributions, subject to the scheme’s rules and limits.
Remember the other costs of moving
Your deposit isn’t the only amount you’ll need to plan for.
Depending on your circumstances, there may also be solicitor or conveyancing fees, mortgage-related costs, surveys, Stamp Duty and the practical costs of moving and settling into your new home.
Building a little extra into your savings target can mean these costs don’t come as a surprise later.
Get mortgage-ready
Saving is only one part of preparing to buy a home.
Mortgage lenders will also look at your income, regular outgoings, existing borrowing and credit history when deciding how much they’re prepared to lend.
Taking some time to look at your finances before applying can be helpful. Check your credit report for anything that needs correcting, make sure you’re registered on the electoral roll where appropriate, and avoid taking on unnecessary new borrowing in the run-up to a mortgage application.
A mortgage adviser can give you guidance based on your individual circumstances and help you understand the options available to you.
Set a goal you can see
Saving for a home can take time, so it helps to make the end goal feel real.
Take a look at our developments, explore the different house styles available and start thinking about what matters most to you in your new home.
Knowing whether you’re saving for your first place of your own, an extra bedroom, a garden or a move to somewhere you’ve always wanted to live can make every step towards your target feel a little more worthwhile.
When you’re ready, we’re here
You don’t have to have everything figured out before talking to us.
Our Sales Advisors are happy to speak to you at any stage of your home buying journey, whether you’re ready to reserve or simply want to understand what’s available and what your next steps could be.
Explore our Cavanna developments and available homes, or get in touch with our Sales Team to start planning your move.








