Special Schemes

There are various different special mortgage schemes available in the UK, such as;

1. First-time buyer schemes
Help people buying their first home.

  • Shared Ownership: You buy a share of a property (like 25%–75%) and pay rent on the rest. You can buy more shares later.

  • First Homes Scheme: Offers new-build homes at a 30% to 50% discount for local first-time buyers and key workers.

  • Lifetime ISA: You can save up to £4,000 a year, and the government adds a 25% bonus to help with a house deposit.

2. Right to Buy
For council or housing association tenants in England.
Lets you buy your rented home at a discount, which can be used as part of your deposit.

3. Help to Buy (Wales or Scotland)
Still available in some parts of the UK (England version ended).
Government lends you part of the property price, so you only need a small deposit and mortgage.

4. Guarantor / Family mortgages
Let you buy a home with help from family.
A family member either:

  • Uses their savings or property as security

  • Or acts as a guarantor to back up your mortgage

5. 95% mortgages
You only need a 5% deposit.
Some are backed by the government to help lenders offer them more safely.

6. Green mortgages
Offered if you buy an energy-efficient home.
You may get a lower interest rate or cashback for helping the environment.

7. Key worker schemes (some local)
Some areas offer support for teachers, NHS staff, police, and other key workers to buy homes with discounts or special deals.

Summary:
These schemes are designed to help people who might struggle to buy a home — like first-time buyers, those with small deposits, or people getting help from family. They can reduce the cost, lower the deposit needed, or make it easier to qualify for a mortgage.