Set a savings target for the deposit and a separate target for purchase and moving costs. Combining them into one round number can make the deposit look available when some of it is needed for a survey or legal payment first. Record when each cost is likely to be payable.
Build the target
- Enter a property-price scenario and deposit amount.
- Add quoted fees, the relevant purchase-tax estimate and moving costs.
- Keep an emergency reserve separate from money allocated to the purchase.
- List existing savings and a monthly contribution you can realistically sustain.
The savings planner shows arithmetic under the assumptions you enter. Interest rates, contributions and purchase prices can change, so compare scenarios and review progress periodically rather than treating the result as a guaranteed purchase date.
If you are considering a particular savings product or home-buying scheme, read its current eligibility, withdrawal and timing rules directly with the provider or official source. Confirm the source-of-funds evidence your conveyancer and lender require. The MoneyHelper home-buying guidance can help you identify wider costs before fixing a target.
Put it into practice
Use the home deposit savings planner to organise your own figures or next steps. Keep its assumptions alongside your plan.