First-Time Buyer Schemes
Compare government schemes and savings options to help you buy your first home. We explain eligibility, pros, cons, and how each scheme works.
What government schemes help first-time buyers in 2024?
Current UK schemes include: Lifetime ISA (25% bonus up to £1,000/year), Shared Ownership (buy 25-75% of a property), First Homes (30% discount on new builds), and various lender 95% LTV mortgages. Help to Buy closed March 2023, but Help to Buy ISA remains open until November 2030 for existing holders.
Navigate government schemes with expert guidance.
What government schemes help first-time buyers in 2024?
Current schemes include: Lifetime ISA (25% bonus up to £1,000/year), Shared Ownership (buy 25-75% of a property), First Homes (30% discount on new builds), and various lender-specific 95% LTV mortgages. Help to Buy closed in March 2023, but the Help to Buy ISA remains open until November 2030 for existing holders.