If you are thinking of buying a property in the future, one thing you could consider is investing your savings in a lifetime ISA (LISA).
What is a LISA?
LISAs were launched in 2017 and according to many people it has been a bit of a flop. They are worth a close look though especially if you are looking to purchase a property in the future.
LISAs allow you to save up to £4000 every year towards your first home (or your retirement) and the government adds a 25% bonus in addition to everything that you save. This means that if you have saved £1000 on your deposit by buying a Zero Deposit Guarantee, you could get a government bonus of £250, effectively funding the cost of your guarantee!
Anyone aged 18 to 39 can open a LISA, so most tenants can benefit from this scheme. You are also allowed to transfer from one provider to another if you find a better interest rate, so the overall return you could get from a LISA by the time you buy your first home could be significant.