First-Time Buyer Schemes: How Mortgage Tree Can Help You Get on the Property Ladder in 2025

First Time Buyer Schemes

For many aspiring homeowners, the journey to property ownership feels like an uphill battle. Saving a deposit, securing a mortgage, and finding an affordable home can seem overwhelming. At Mortgage Tree, we specialize in helping first-time buyers navigate government schemes designed to make homeownership more accessible. Our expert advisors can guide you through all available options to find the perfect solution for your situation.

Mortgage Guarantee Scheme (Available until June 2025)

The government's Mortgage Guarantee scheme helps increase the availability of 95% mortgages through government-backed guarantees to lenders. Recently extended until June 2025, this scheme can be a game-changer for those struggling to save a large deposit.

What Mortgage Tree can do for you:

• Identify lenders participating in the scheme with the most competitive rates

• Help you understand if you meet the eligibility criteria (regular income and good credit rating)

• Guide you through the application process for properties under £600,000

• Find alternative options if the scheme isn't right for your circumstances

Lifetime ISA (LISA)

A Lifetime ISA is a powerful savings tool designed specifically for first-time buyers. You can save up to £4,000 annually with the government adding a generous 25% bonus to boost your deposit savings.

Mortgage Tree's LISA expertise:

• Advise on whether a LISA is suitable for your homebuying timeline

• Explain how to maximize government bonuses

• Integrate LISA savings into your overall mortgage strategy

• Connect you with recommended LISA providers

Shared Ownership

This popular option allows you to purchase a share (typically 25%-75%) of a property while paying a discounted rent on the remaining portion. With deposits potentially as low as 5% of your share's value, this scheme makes homeownership more affordable.

How Mortgage Tree simplifies Shared Ownership:

• Explain the unique aspects of Shared Ownership mortgages

• Find the best Shared Ownership mortgage rates on the market

• Help you understand the full cost implications including service charges

• Guide you through staircasing options for increasing your ownership share over time

First Homes Scheme

Launched in 2021, this scheme offers first-time buyers in England a 30% discount on selected new properties, making homeownership significantly more affordable.

Mortgage Tree's First Homes support:

• Check your eligibility based on local criteria and income thresholds

• Identify First Homes developments in your desired location

• Navigate the application process with expert guidance

• Secure financing tailored specifically for First Homes purchases

Additional Government Schemes

Mortgage Tree also provides expert guidance on other specialized programs:

• Help to Build for self and custom builders

• Rent to Buy for those looking to rent before purchasing

• Right to Buy for council housing tenants

• HOLD (Home Ownership for people with Long-term Disabilities)

• Regional schemes in Wales, Scotland, and Northern Ireland

Why Choose Mortgage Tree?

Our dedicated advisors have helped thousands of first-time buyers successfully navigate government schemes and find their perfect mortgage solution. Unlike dealing directly with lenders, we provide impartial advice across the entire market, ensuring you get the most suitable and affordable option.

Don't let the complexity of first-time buyer schemes prevent you from achieving homeownership. Contact Mortgage Tree today for a free, no-obligation consultation. Our expert team will explain all available options and create a personalized plan to help you step confidently onto the property ladder.

Call Mortgage Tree at 07773064911 or visit our website to book your consultation with our first-time buyer specialists.