Help-to-Buy 

The Government Help to Buy initiatives have proved popular since their launch in 2013, allowing thousands of First Time Buyers to step onto the property ladder.

It is worth noting however, that these schemes are not just for the first-timers, but are also open to existing homeowners looking to move property. 

Recent figures showed a notable difference between the increase in house prices compared to those of flats. Someone looking to make that move to a larger property may therefore find they do not have as much equity as expected, so bridging that gap may be difficult.

Both Help to Buy schemes – the Equity Loan and Mortgage Guarantee – allow borrowers to put down just a 5% deposit. 

For those not keen to re-visit the Bank of Mum and Dad, this could prove to be a lifeline.

Guild Mortgage Service, Provided by London & Country Mortgages