There are various schemes in order to assist First time buyers who are trying to get on the housing ladder.
Guarantor mortgages
Some lenders have schemes whereby the parents or another family member can assist first time buyers by having their income taken into account when calculating mortgage borrowing limits.
Shared Ownership
Some lenders offer mortgages for people buying a share of a property. This is typically in conjunction with a housing association and rent is normally paid for their share.
HomeBuy Schemes
This is a Government incentive designed to help all First Time buyers with a joint household income of no more than £60000. An amount will be made available which can be used as a deposit.