Sugarhouse Properties logo

Saving for a House Whilst at University

Saving money when you're studying at university can be tricky, especially if you’re renting a house at the same time. If you're sensible with your money and save when you can by sticking to a budget, you will soon see your deposit build up.

This post will highlight the simple ways you can build up your savings for your house deposit, from splitting living costs with other people to taking advantage of government deposit boosting schemes.

1. Work Out What You Can Afford

Do some research to figure out what you can afford to save based on your incomings, outgoings and how much deposit you’re aiming to save. You don’t want to be saving most of your paycheck for your deposit, then being left with not much money to live off for the rest of the month.

Set a realistic savings target and put away a bit of money each month to start off your savings. If you get given money at birthdays or Christmas, you should make sure you save a bit of it to top your savings up when you can.

2. House Share

Living with other people is a good way to split the cost of every outgoing including rent, gas and electricity bills and even food shopping if you can. Typically, the more people you live with, the cheaper your rent and bills should be. It’s not ideal to live with a lot of people, but it’ll be temporary and will help you to save the most money you can on living costs.

You should also compare providers for gas, electricity and internet to make sure you’re not overpaying for these outgoings. This way you will be saving the most money you can on your living costs.

3. Get Help from Government Schemes

You should take full advantage of the government schemes that are on offer. The Help to Buy: ISA will help you to reach your house deposit by topping up your savings by up to £3,000. Unlike student loans, you won’t have to pay this government bonus back.

You have to open the account with £1,600 and you can save up to £200 a month in the ISA with the minimum amount you can save being £400. It could be a good idea to open your ISA at the beginning of your studies to help build up your savings. The deadline for opening your Help to Buy ISA is November 2019.

4. Factor in Additional Costs

Whilst the deposit will be the biggest cost when saving for a house, you should also remember to factor in additional costs that come with buying a house. Extra services such as conveyancing fees, property survey costs, and removal company prices will have to be included in your moving house budget.

Most of these additional costs won’t have to be paid until you’ve found a house you want to buy, but it’s always beneficial to factor them in your budget so you know a rough idea of what to expect.

5. Pick Up Extra Shifts

Pick up extra shifts in your job if you have a day off university or if you're not studying for an exam. Your studies should be the priority, but if you have spare time make yourself available to cover someone’s shift. There are a number of jobs suitable for students and depending on the type of job, you could even bring some of your textbooks to read if it’s quiet.

Doing online surveys is another way to earn some extra cash when you have a minute free. Your online wallet will soon build up and you should transfer this cash into your deposit savings when it gets to a decent amount. Try

Something as simple as selling your unwanted items on sites like eBay will also help to boost your savings.

6. Cut Down on Everyday Spending

Whilst buying a £3 coffee may not seem a big purchase, if you do this most days, it will soon add up and become an expensive monthly outgoing. By taking your own coffee in a flask to university, you will save a huge amount that will give you more money to put in your savings.

Whilst it's important to treat yourself sometimes, if you keep buying lunch and a coffee every day, this will soon add up. Think carefully about your food shop and buy ingredients that you can use to make a packed lunch for the weekdays.

Saving for a house deposit when you’re in university doesn’t have to be difficult. If you stick to a budget and make a realistic savings plan, you will soon start to see your house deposit grow.

Back to blog
Goldman Sachs - 10,000 small businesses alumni
UniPol Code


  • The best marketing and customer service in the North Leeds student and professional market bar none!

  • They have just organised my third full refurbishment for me and they all look fantastic. I haven't lost a day's rent since they took over

  • They've got fantastic prices and friendly staff

  • Great value properties

  • Friendly, professional service that offers great advice and sees you through from start to finish of the process of letting a house. Always available for any queries that you have and have a very quick response to let any problems that we have had in the house. Feel like we're treated like adults, not students and that they really value our custom.

  • They were very professional and helpful and did their utmost to provide great customer service and find us the exact property we were looking for that satisfied as many requirements as possible. The staff are very welcoming and friendly and were easy to approach with any concerns, requests or questions.

  • Brill company, extremely professional yet friendly and always happy to help! Great to chat to for advice, over all the best in Leeds!

  • They're simpy the best and super efficient!!

  • In a highly competitive category, this agency should be delighted with itself; the judges were extremely pleased to rewards its efforts with the gold. With a focus on students and young professionals the attitude and communication is well tailored to this audience. The team has an established presence across the social media platforms and uses social networking sites extremely well. The website is very good indeed and has a number of features expected by the young and tech savvy target audience. The directors value their staff and there is a very good mentoring scheme in place to develop negotiators into senior staff. As can be expected in student sharing tenancies, they are well versed in dispute resolution and manage to remedy any issues without legal recourse, so all parties come away happy with the results.

  • You've taken a hugh worry from my mind. Thank you so much for all your helpand advice. My tenants have also been really pleased with you which is really nice. Everything was really straightforward and the tenants have been great.

  • Sugarhouse Properties are always helpful when we have any problems with the house and always fix it immediately. They are constantly polite and friendly when we are in contact with them.

  • Many thanks for all your hard work; your administration is excellent and you communicated well with us throughout

  • We had our house on with XXXX for 4 months with no success and no feedback. Sugarhouse advised me to organise some minor improvements and had the house rented within a week!

  • Such friendly and helpful people! All staff are easy to talk to and are open to questions no matter how many! Definitely recommend to anyone looking for a house!

  • I have recently organised a house for next year with Sugarhouse and everything went as quick and easy as possible. The team are a great example to all other letting agencies, with their professionalism and commitment. They also make your house-viewing fun, which is very important

  • When we were looking for a house they were so helpful in trying to find what we wanted. Whenever we had problems at the house they are always very quick at responding and fixing the problem. We are very happy with the service they have provide and if we were not in our third year we would definately use them again

  • Great houses with really good facilities. Always reply straightaway and send someone round within the next 2 days. Staff are so friendly!