tenant2owner
    Free homebuying tool

    How long until you have
    your deposit?

    A realistic, month by month projection. See the boost from the Lifetime ISA 25% bonus and your savings interest.

    Your deposit target

    A typical first deposit is 5 to 10% of the property price. A small number of lenders offer 100% mortgages to borrowers who meet specific criteria.

    £

    Example: £20,000 toward a £200,000 home at 10%.

    £

    How fast can you save?

    £

    Be realistic. The Budget Builder can help.

    % AER

    Default 4%. Use the best easy-access or LISA rate you can find.

    Boost

    A legitimate way UK first-time buyers can speed things up.

    Your deposit timeline
    At this pace you'll hit £20,000 in 4 years 9 months.

    Target date: July 2031.

    Target deposit
    £20,000
    Saved so far
    £1,000
    What the boost is worth
    Baseline (just your savings + interest)
    4 years 9 months
    Month by month plan

    Includes your saving and monthly interest at the rate you entered.

    YearYou savedInterestEnd balance% of goal
    Year 1
    Nov 2026 – Oct 2027
    		£3,600£120£4,720
    24%
    Year 2
    Nov 2027 – Oct 2028
    		£3,600£271£8,591
    43%
    Year 3
    Nov 2028 – Oct 2029
    		£3,600£429£12,620
    63%
    Year 4
    Nov 2029 – Oct 2030
    		£3,600£593£16,813
    84%
    Year 5
    Nov 2030 – Jul 2031
    		£2,700£557£20,070
    100%
    Next steps
    Read the Lifetime ISA rules guideFind more to save with the Budget BuilderCheck your Readiness Report

    This tool gives an indicative timeline only, it is not regulated financial advice. Interest is compounded monthly at the rate you entered, and the LISA bonus is modelled as paid annually (with a pro-rata top-up in the final partial year). Interest rates and LISA rules can change. Always check current limits and seek independent advice before major financial decisions.