How to save for your first home 

Does a home of your own seem unlikely?  

You may have more options than you think. Work out how much you can borrow and read on for more tips. 

If you want to buy a house or flat, you need to put down some of your own money as a deposit. The more funds you can contribute yourself, the greater your freedom of choice on the property market. But even if your deposit is a smaller sum, that doesn’t have to stop you from acquiring your dream home.  

Whether you’re already focused on your future home or you’re not yet sure if you want one, you can start saving up for your deposit today. Saving up money is never a wasted effort. 

The purchase price is not the only cost you need to consider. You also have to pay the notary public, mortgage charges, VAT and the costs of building or renovating. As a result, we recommend that you save around 20% of the purchase price before buying a property. 

In addition to our tax-efficient savings products, you can also opt for one of our conventional savings products. These allow you to save up larger sums, such as for your deposit.   

If you would prefer to save more carefully or you have housing plans within the next five years, you can set aside money on a regular basis or set up a recurring transfer. It’s an efficient way to save up for your deposit.  

If a home of your own is still far in the future, it’s worth considering an investment plan. Systematic investing means automatically investing an amount of money at regular intervals. That regularity increases your chances of higher returns. What’s more, your investment is less dependent on the prices at one particular moment if you spread it out over time.  

Lender: KBC Bank NV, with registered office at Havenlaan 2, 1080 Brussels, Belgium, VAT BE 0462.920.226, RLP Brussels. Subject to your credit application being approved by KBC Bank NV.