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First-time buyers could access new scheme with 2.5% deposit

A new government scheme, 'Your First Home', may enable first-time buyers to purchase property with a 2.5% deposit.

  • The 'Your First Home' scheme is a new government initiative.
  • First-time buyers could potentially use a 2.5% deposit under the scheme.

A new government scheme, named 'Your First Home', could allow first-time buyers to enter the property market with a deposit of 2.5%. The initiative aims to help individuals get onto the property ladder.

Further details are expected regarding the practical implications of the 2.5% deposit requirement and methods for saving the necessary funds more quickly.

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