Posted Date: 11/11/2025
When preparing to buy your first home, how you save can be just as important as how much you save. Lenders look at more than just your deposit, they also consider your financial habits, including how consistently you’ve built your savings over time.
Why It Matters
Regular saving shows lenders that you manage money responsibly. It helps demonstrate that you’re likely to maintain mortgage repayments in the same steady way. On the other hand, irregular saving patterns or large last-minute deposits might raise questions about where the funds came from or how sustainable your budget is.
Moving Forward
Setting up a routine savings plan, even with small, consistent amounts, can make your finances more predictable. It also helps you stay in control of your budget and prepare for additional costs that come with buying your first home.
At Muuvin Mortgages & Protection, we offer a no-obligation call to help first-time buyers understand what lenders may look for and how to prepare financially. You can also view more information about first-time buyer mortgages on our dedicated page: First-Time Buyers.
Do lenders check where my deposit comes from?
Yes, lenders usually require proof that your deposit comes from savings or another approved source.
Will saving regularly improve my chances?
It can help show strong financial management, which many lenders view positively.
Can family help with my deposit instead of saving it myself?
Yes, gifted deposits are allowed by some lenders, but they usually require a signed declaration.
Disclaimer
Your home may be repossessed if you do not keep up repayments on your mortgage.
This article is for general information only and should not be taken as advice. Mortgage applications are subject to status and lender criteria. The information provided is correct as of the date it was posted and may be subject to change without notice.
