Government Schemes to Help First-Time Buyers Get on the Property Ladder (Update)

27 May 2025
Government Schemes to Help First-Time Buyers Get on the Property Ladder (2025 Update)

Buying your first home? The UK government continues to offer several schemes to make homeownership more affordable.

1. First Homes Scheme

  • Discount: 30-50% off new-build homes.
  • Who qualifies? First-time buyers earning under £80,000 (£90,000 in London).

2. Mortgage Guarantee Scheme

  • Allows 95% mortgages, only a 5% deposit needed.
  • Ends in December 2025 (subject to extension).

3. Shared Ownership Scheme

  • Buy 25-75% of a home, rent the rest.
  • Option to buy more shares over time.

4. Lifetime ISA (LISA)

  • Get a 25% government bonus on savings up to £4,000 per year.
  • Can be used towards a first home deposit.

💡 Tip: Research these schemes early to boost your chances of homeownership!