We know saving up for a deposit can be a challenge – but there are options available to help you take your first step on the property ladder.
Deposit Unlock is a new 5% deposit mortgage solution developed by the house building industry in collaboration with mortgage lenders. First Homes helps first-time buyers purchase a home at a 30% discount compared to open market prices. Or, if part buy-part rent is appealing, the Home Reach scheme may be right for you.
Keep an eye on ISAs and savings accounts, as different types offer bonus top-ups that can make all the difference in saving for your deposit.
Before searching for your new home, you’ll need a good idea of what mortgage you can get. Spend time researching the different arrangements available and consider meeting with a mortgage advisor.