There are several schemes for First Time Buyers, such as shared ownership schemes and Help to Buy.
Help to Buy means you secure a government equity loan for 20% of the property value. So you can offer a mortgage lender a 25% deposit along with your savings, of a 5% minimum.
If you're unsure whether you're eligible for Help to Buy, please give the mortgage brokers team a call on 0330 304 3040, and we'll discuss how it all works and whether it's the most appealing initiative for your first home purchase.