New £5000 Deposit Scheme Set to Help First-Time
A new scheme allows first-time buyers to borrow up to 99% of a property’s value, enabling first-time buyers across England, Scotland and Wales to purchase a property with a deposit as low as £5,000. This deposit can purchase a property valued up to £500,000. This scheme will help first-time buyers step onto the property ladder with a more affordable and easily saved deposit, aspiring to help ‘generation rent’.