Top government schemes for first time buyers
All first-time buyers face a variety of challenges. Firstly, you may require a significant amount of savings in place - the average deposit for a first home in the UK is currently around £33,000, equating to 16% of the purchase price. Secondly, you’ll need to find the best possible mortgage for your circumstances.
Finally, you must illustrate the financial security and ability to make the mortgage repayments.
Fortunately, there are several Government initiatives in place to assist with these challenges and help first-time buyers onto the property ladder.