The government wants to help more people own their homes and is providing a number of routes to make this easier and more affordable.

First Homes
First-time buyers stand to save an average of £70,000 through the First Homes scheme, which offers properties to local people at a discount of at least 30%, with some areas giving key workers priority. Deposits and mortgages therefore become much more affordable under this scheme which retains the discount forever, meaning that other first-time buyers will benefit every time the property is sold.

The mortgage guarantee scheme
In the 2021 Budget the chancellor announced a new mortgage guarantee scheme to restore the availability of 95% loan to value mortgages. This will help slash the cost of a deposit reducing the time people need to save before they can get on the housing ladder.