To summarise:
- I'm 20 years old and live in the U.K.
- I'm aiming to save £10,000 a year. I've worked out my outgoings and this seems feasible.
- My end goal is to have a mortgage.
In the U.K. we have a 'help to buy' scheme. I can deposit up to £1000 initially and up to £200 a month thereafter. The government will top this up by 25% to go towards my first house purchase.
The remainder of my money will be sitting in a savings account as I'm unsure where to put it or what to invest in. I've looked into peer-to-peer lending but feel this may be too risky for me due to it not being covered by the FSCS.
What would you recommend/what did you do at my age?
Thanks in advance.
Submitted October 24, 2017 at 02:34AM by EzioCasimiro http://ift.tt/2ivuX1O
