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Evening Standard
Evening Standard
Business
India Block

Save to Buy: ‘One per cent deposit scheme for first-time buyers helped us buy for £4,000 in Woolwich’

Renting in London is a money paradox that leaves thousands of young people struggling to save enough for a deposit after their monthly housing costs. But one couple have taken advantage of a new scheme that allows your monthly ‘rent’ to go straight into your deposit — all while you enjoy owning your new home.

Laura, 29, a senior brand and digital manager, and paramedic Sam, 28, were keen to get out of the renting trap.

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