A new government scheme, 'Your First Home', aims to assist first-time buyers, particularly those without family financial support, by allowing them to purchase a home with a 2.5 per cent deposit.
The government has introduced a new initiative called 'Your First Home', designed to assist first-time buyers. This scheme is a revamp of the existing Help to Buy programme.
Under 'Your First Home', first-time buyers may be able to purchase a property with a deposit as low as 2.5 per cent. The scheme is reportedly aimed at those without financial assistance from family.
What this means for you: If you are a first-time buyer without family financial support, you could potentially buy a home with a 2.5 per cent deposit under the new 'Your First Home' scheme.
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