Mortgage boost for first-time buyers

The government have announced a new 5% deposit mortgage scheme to embolden Generation Rent to take their first step onto the property ladder. While the finer details are yet to be revealed, research from Getagent.co.uk suggests the average first-time buyer could save nearly £18,000. Across Britain, people looking to purchase their first property need an average deposit of 14%, so enabling more 5% products will help make home ownership seem possible.