First-Time Buyer Schemes UK: Every Option Explained
UK first-time buyers can combine several schemes. A Lifetime ISA adds a 25% bonus on up to £4,000 a year, First Homes offers 30-50% off a qualifying new-build, Shared Ownership lets you buy a 10-75% share, the 2025 Mortgage Guarantee Scheme backs 5% deposits, and stamp duty relief applies up to £500,000.
Lifetime ISA - 25% government bonus on up to £4,000 saved a year (max £1,000 a year) - Home must...
First Homes - 30-50% off the market price of a qualifying new-build, for local first-time buyers -...
Shared Ownership - Buy a 10-75% share of a home and pay rent on the rest; buy more shares later...
2025 Mortgage Guarantee Scheme - Lenders are backed to offer 95% mortgages, so a 5% deposit is...
First-time buyer Stamp Duty relief - No Stamp Duty on the first £300,000, then 5% on the slice up...
freedomisntfree.co.uk/guides/first-time-buyer-schemes-uk