- _Help to Buy Equity Loan_: This allows first-time buyers to borrow up to 20% of the cost of a new-build home, interest-free for the first five years.
- _Help to Buy Shared Ownership_: This allows first-time buyers to buy a share of a home, typically between 25% and 50%, and pay rent on the remaining share.
- _Right to Buy_: This allows council tenants to buy their homes at a discount.
- _Shared Ownership_: This allows first-time buyers to purchase a share of their property (usually 25-50%) and pay a subsidized rent on the remaining share. They can then increase their ownership stake over time, up to 100%.
Lender schemes:
- _First-time buyer mortgages_: Some lenders offer mortgages specifically designed for first-time buyers, typically with lower interest rates and/or smaller deposits required.
- _Deposit assistance schemes_: Some lenders offer schemes to help first-time buyers save for a deposit, such as a Help to Buy ISA.
- _Family guarantee mortgages_: Some lenders offer mortgages to first-time buyers with the support of a family member who provides a guarantee for part of the loan.