DEAL.
Buyer Guide

Property Buying
Schemes Available

Several schemes are available to help make buying a property more affordable, particularly for first-time buyers.

These options can reduce the deposit required or make monthly payments more manageable. Each scheme has its own eligibility criteria, so it's worth understanding which one suits your situation.

First Homes Scheme

A government-backed scheme offering selected new-build homes at a discount (usually 30–50%) for first-time buyers and key workers.

Key benefit: Lower purchase price from the outset

Shared Ownership

You buy a share of a property (typically 25%–75%) and pay rent on the remaining portion.

Key benefit: Smaller deposit and lower upfront cost

Lifetime ISA (LISA)

A savings account where the government adds a 25% bonus (up to £1,000 per year) towards your first home.

Key benefit: Boosts your deposit savings

Mortgage Guarantee Scheme

Designed to help buyers purchase a home with just a 5% deposit, with lenders supported by a government guarantee.

Key benefit: Access to mortgages with low deposits

Right to Buy

Available to eligible council tenants, allowing them to purchase their home at a significant discount.

Key benefit: Discounted purchase price for long-term tenants

Help to Buy (Wales only)

Still available in Wales, this scheme offers an equity loan to help buyers purchase a new-build property.

Key benefit: Smaller deposit with government support

💡 Which Scheme is Right for You?

The right option depends on your financial situation, deposit, and the type of property you're looking to buy. Each scheme has its own eligibility criteria and long-term considerations.

Need Help Understanding Your Options?

Choosing the right scheme can make a significant difference to your budget and long-term costs.

Speak to Us for Guidance