Saving for a deposit for your first property is hard. But it is possible.
Increasing your active income, utilising government schemes like the LISA. and managing your money well through a budget, will put you in the best possible position!
A Lifetime ISA is a way to grow money tax-free. You can put up to £4,000 into a LISA in either Cash or Stocks and Shares, but you can only use this money to buy your first house or for retirement (or incur a withdrawal penalty).
Your house is not an asset.
So, how can you turn it into an asset? In this blog post I will explain why your house is not an asset, why that is necessarily not a bad thing, and also how you can turn your house into an asset.