Invest within 10 minutes with a little as £10, here is how; Buying property will be the biggest purchase everyone makes, but a lot of people struggle to raise enough money for the deposit. You can still get involved in the property market in other ways with a lot less money!
REITS (real estate investment trust) which is a company that pools money together from investors and buys and manages properties, investors receive a return in the form of dividends which are normally around 2-7% which is very similar to dividend paying stocks, another potential bonus is the value of your investment could go up also. You can find many REITS on either Freetrade or Trading212.
https://magic.freetrade.io/join/philip/c0c9a691
I have included a link to freetrade, which will gift you with a free share when signing up for the first time. Once downloaded go into the search bar and search for “REITS”, multiple ones will pop up and say the amount of dividends they have payed out in the past.
Both these investments can be used to help build up enough money for a deposit on a house. It is important when saving up for a deposit to keep an eye on your outgoings, do you buy a coffee everyday? multiple streaming sites? gym membership from January? If you do not use it, stop it! The pounds really add up over time.
it is important to remember your investment can go up as well as down, you should always do your own research and aim to hold long term as this helps to mitigate the ups and downs in the market, but you can sell anytime freeing up the money.
My overall rating is 4.5/5
This is not investment advice, you can lose all your money invested, seek professional advice on investing and tax, I am just talking about my own experience using these platforms.
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