Holidays on the chopping block for people saving for new home

What would you give up for your dream home?

Barratt Homes asked 2,000 people which luxuries they would cut back on in order to save the money needed in order to achieve their dream move.

35 per cent of responses said they would forget a special trip away, closely followed by 32 per cent who would sacrifice time in the pub, eating out, or visiting the cinema.

Gadgets are high on the list of important items, around 15 per cent willing to miss out on getting the latest smart phone or tablet.

Michelle Storer sales director said: ‘Acquiring a new home is a big financial commitment for anyone and, understandably, many would-be buyers take it very seriously.

‘We all love life’s little luxuries, like holidays and evenings out, but those asked in our survey told us it was worth giving them up for a short while for the greater cause.

‘At Barratt, we do our best to help by offering a number of schemes designed to make it easier to save for a deposit.

‘Moving into your own home is a special time for anyone, and many of our buyers tell us the experience is well worth the short term sacrifices required in terms of saving for such a major investment.

‘There are plenty of opportunities to move into the property market - or to move further up the ladder - and our teams are very happy to talk to potential buyers about these at developments across the region.’