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    House Clearance Help & Advice: Buying A Home: Raising The Deposit

    Back to Help & Advice index

    Buying & Selling A Home

    Here are some ideas that you could use to raise the deposit for your new home:

    1. Ask your parents, other relatives or friends for help. If they can't give or loan any money, perhaps they'll agree to co-sign the loan.

    2. Sell (or borrow against) other real estate you own.

    3. Sell securities you own, or borrow against them through a loan from the stock brokerage.

    4. Sell collectibles or heirlooms you own.

    5. Cash in on any insurance you have.

    6. Get a second job. It'll help you raise cash, and the extra income will improve your chances of qualifying for a loan. You can quit later.

    7. Look for an investment partner who'll put up some or all of the cash in an equity-sharing partnership. You make the monthly payments and the two of you split the eventual resale profits.

    8. Pawn something you own and use the proceeds for a deposit. You can get the item back after you've moved in and can afford to pay the pawnbroker back.

    9. Refinance your car or other vehicles.

    10. Save up. Cut out luxuries you don't really need and put the savings away to go towards a deposit on a new home.

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    Environmentally Friendly House Clearance Service

    We are registered with the Environmental Agency and are fully licensed to carry waste. Read More...
    Abacus House Clearance Specialists are licenced to carry waste & are Environmentally FriendlyAbacus House Clearance Specialists are registered with the Environment Agency

    Giving something back

    We often pack and send clothing and bedding items to various charity centres and animal rescue shelters. Read More...

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