12/05/2026
Big news for First Time Buyers 👀
£5000 deposit for First Time Buyers!!!
From 18 May, a lender is launching a new low deposit mortgage scheme that could allow eligible First Time Buyers to purchase a home with just a £5,000 personal deposit.
For many people, the biggest challenge hasn’t been the monthly payment — it’s been trying to save a large deposit whilst paying rent and living costs.
Key points:
✔ Up to £300,000 purchase price
✔ Available for employed & self-employed applicants
✔ Only one applicant on a joint application needs to be a First Time Buyer
✔ 5 year fixed rate products available
✔ Free mortgage valuation included
This could be a real game changer for renters and buyers with limited savings who previously thought home ownership was out of reach.
As always, affordability and lending criteria will still apply, but if you’ve been putting off looking into buying because of deposit concerns, now may be the right time to explore your options.
Feel free to message me if you’d like to see whether you may qualify or want to understand how the scheme works.
