Let's get you a home.

There’s no point in beating yourself up for not starting 5 years ago, or for pressing pause on your savings for a bit. Time machines haven’t been invented yet (as far as we know) and so, there’s nothing you can do about the past. All that counts is what you can do today.

Whether you’re at square one, or you’ve already put some money aside, our aim is to make future you say “thank you past me for starting when you did”.

So, when it comes to building your first home deposit, here’s why there’s no time like the next 24 hours.

It all adds up

Let’s say from right now, you start putting just £5 aside every day for the next six years. By the end of it, you’ll have £10,950 for your deposit (£10,955 if you count a leap year). And that’s with a fiver.

More bonus for your buck

With a Lifetime ISA, you can get up to £1,000 towards your home every tax year from the UK government.

The longer you use your Lifetime ISA, the more free money you get. So if you start today, instead of next year, you could have literally thousands more.

Less money on rent

There are two questions in life that are better left unanswered: Where artificial vanilla flavouring comes from and how much you’ve spent on rent all these years.

The sooner you start building your deposit, the sooner you’ll be paying for your own home (instead of your landlord’s) and the less risk you’ll have of money-munching rent hikes.

Two words: House prices

“They’re shooting to the moon”

“No wait, they’re going down — the bubble’s about to burst!”

“3ft x 6ft cupboard with a window sells for £2.5 million”

House prices are ~ flaky ~ and the headlines around them are just the same. The good news is, amongst the chaos, there’s one thing you can control: Your deposit.

If you start working on it now, you can be more prepared to buy a home at the best time — whether that’s before house prices go up again, or when they finally take a dip (🤞).

Your own space

Living with your parents (or a flat mate) has its pros and cons. Being able to save more money? Good. The person you took home last night bumping into your mum in the hallway? Baaaad.

By starting the deposit train today, you’ll make the most of those reduced outgoings to put more towards your own space. (A space where you don't have to ask for permission to hang stuff on walls).

Afford the neighbourhood you’d like to live in

As soon as a neighbourhood is called ‘up and coming’ it’s only a matter of time before everyone wants to buy a home there.

To make sure you get your place before the landlords and property investors swoop in, it’s worth making a start on that deposit asap.

Have more fun along the way

Nothing kills the vibe of buying your first home like having to say ‘no’ to everything fun for 2 years.

If you start now and give yourself more time to save up, you’ll be able to buy a home (without ruining your social life).

4 steps to start building your first home deposit today

  • Install the Nude app.
  • Open your Nude Lifetime ISA (it takes just 5 minutes).
  • Set up your direct debit (starting from as little as £25 a month).
  • Get money-saving ideas that could help you buy a home sooner.

Ready to take the first step? Install Nude on the App Store.