Government Schemes for UK First-Time Buyers

There are many Government Schemes offered for which First-Time Buyers are eligible to, some of them are listed below:

Lifetime ISA (LISA)

• Designed for those aged 18–39, the Lifetime ISA allows you to save up to £4,000 per year, with the government adding a 25% bonus (up to £1,000 annually).
• Funds can be used towards the purchase of a first home (up to £450,000) or for retirement.
• Both partners can use their LISAs when buying together, maximizing the government bonus

First Homes Scheme

• Offers new-build homes to first-time buyers at a 30–50% discount from market value.
• To qualify, your household income must not exceed £80,000 (£90,000 in London), and you must be able to get a mortgage for at least half the property price.
• Priority is often given to key workers and local residents, and the discount remains with the property for future sales, keeping homes affordable in the community.

Shared Ownership

• Allows buyers to purchase a share (typically 25–75%) of a property and pay rent on the remainder.
• Buyers can increase their share over time (“staircasing”).
• Available to households earning £80,000 or less (£90,000 in London) and is suitable for those who cannot afford a full mortgage.

Mortgage Guarantee Scheme (informally known as “Freedom to Buy”)

• Enables buyers to secure a mortgage with just a 5% deposit, with the government providing a guarantee to lenders for 95% loan-to-value mortgages.
• Available on properties up to £600,000 (excluding new builds).
• Makes it easier for buyers with smaller deposits to access competitive mortgage rates.

Help to Buy ISA (Existing Accounts Only)

• While new Help to Buy ISAs are no longer available, those who opened an account before November 2019 can still use them to receive a 25% government bonus on savings when buying their first home before December 2030

How We Can Help

Independent Mortgage Advice – As whole-of-market mortgage brokers, we provide objective recommendations, helping you explore a wide range of mortgage options suited to your financial situation.

Access to a Broad Range of Lenders – We compare mortgage products from various lenders, including broker-exclusive deals, to help you find competitive rates and terms.

Guidance Throughout the Process – From initial consultation to mortgage completion, we support you at every step, ensuring clarity and efficiency.

Expert Advice on Government Schemes – We provide information on first-time buyer assistance programs, such as Help to Buy and shared ownership, helping you understand eligibility and application processes.

Negotiating Competitive Terms – We liaise with lenders to secure mortgage terms that align with your financial needs, ensuring transparency in all recommendations.

No Broker Fees – Transparent and Client-Focused – We do not charge broker fees, as we receive our commission directly from lenders. Our priority is helping you find the most suitable mortgage option—just as we have done for over 1,000+ satisfied clients who trust our advice and transparency in the process.

Ongoing Support Beyond Mortgage Approval – Our service extends beyond securing your mortgage, offering guidance on renewals, refinancing, and future financial planning.

 

Client Testimonials

“I’d heard horror stories about how stressful buying your first home can be, but Mr. Anand Patel made it simple. They helped me understand my options, got me a mortgage in principle quickly, and were always available to answer my questions. I can’t thank them enough for their patience and expertise.”

-Birmingham, April 2025

 

“I was worried my small deposit would hold me back, but Mr. Atul Patel found a lender offering a 95% mortgage and walked me through every requirement. Their guidance on government schemes saved me thousands. I recommend them to anyone starting out.”

-Greater London, April 2025

 

Let’s Talk About Your Plans

We can help you understand your borrowing potential, walk you through current mortgage deals, and put a smart plan in place that fits you.

Book your free consultation by calling us on 020 8187 8876
Or Click Here to complete our mortgage enquiry form and get started.

 

*Note – Scheme’s eligibility is subject to lender criteria and government updates.

A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Authorised and regulated by FCA 313934.