Saving for a Mortgage

Start saving for your mortgage with Regular Savings. Buying a home requires careful planning, especially with soaring property prices and limited supply, making it difficult for first-time buyers to save for a mortgage.

Despite the challenges, owning a property is still achievable. A well-planned financial strategy and smart savings can bring you closer to your dream home. While saving may take longer, an intelligent savings strategy can help you reach your goal.

Keeping cash in the bank is generally considered safe from investment market risks, but it can be challenging when saving for significant events, like a mortgage. Your money can’t grow quickly enough if it’s merely on deposit.

While savings on deposit give you a predictable, low rate of interest, investing your money in a fund can potentially grow your savings faster than regular savings on deposit. However, funds present higher investment risks compared to bank deposits.

Cash is considered safe, but the value of your money on a bank deposit can decrease due to high inflation. Investing in funds is a common strategy used to safeguard your money from inflation.

Consider an investment bond or a regular savings plan with a pension and investment provider like MBC Financial. With our Regular Savings plan, you can save from as little as €100 per month to potentially grow your investment.

You can invest a lump sum in addition to saving and investing regularly each month. At MBC Financial, we offer a range of funds tailored to whether you’re a regular saver, lump sum investor, or both.

By allocating an amount regularly into a Regular Savings Plan, you can watch your savings grow over time, depending on your risk tolerance. The Investment Bond is suitable for those who have a significant amount of money to invest.

MBC Financial’s Special Savings Plus plan offers the best of both worlds for those who have a lump sum to invest and wish to continue making regular contributions over time.

Who is Regular Savings for?

This plan appeals to individuals who wish to save on a regular basis to build up savings for a mortgage from as little as €100 per month. You can keep track of how your savings are performing at any time by logging on to MBC Financial’s online Client Centre.

How to Start a Mortgage Savings Plan with MBC Financial:

First, decide on your mortgage savings goal and calculate how much you need to set aside each month. Use our budget calculator to figure out how much you can afford to save each month. Once you have determined your mortgage savings goal, get in touch with an MBC Financial advisor to enquire about MBC Financial Regular Savings. The advisors can assist you in deciding which funds to invest your savings in to achieve your goal. Then, all you need to do is start saving and look forward to your new home.

Looking for expert financial advice? Let MBC Financial help you! The first meeting is at our expense, so you have nothing to lose by filling out our query form. Don’t just take our word for it – read our client testimonials to see what people think about our work.