From renters to homeowners: a Manchester family's 18-month plan
Liam and Saoirse used Mosey's fixed-rate savings account and budgeting tools to reach their first-home deposit in less than half the time they expected.
Saved toward first home
AER on the savings pot
Per month on admin (was 14)
To reach deposit target
The challenge
The O'Connors had been saving in their current account for two years and felt no closer to a deposit. They couldn't see where money was going, didn't know which savings products to choose, and were intimidated by mortgage paperwork.
Our solution
Their Mosey advisor mapped a 18-month plan: split spending into a tracked budget, move existing savings to the 5.1% AER fixed-rate account, and time a Lifetime ISA contribution to maximise the government bonus. We checked in quarterly.
“We thought saving for a deposit was years away. Mosey's fixed-rate account, plus the budgeting tools, helped us get there in 18 months. The advisors actually listened.”
Liam & Saoirse O'Connor
First-time buyers, Manchester