Buying your first home can both exciting and nerve wracking, especially with rising house prices, higher cost of living, and constant headlines about mortgage rates.
The good news? First-time buyer support in 2026 is better than many people realise, with new products, high loan-to-value (LTV) mortgages, and practical strategies helping buyers get onto the property ladder sooner.
Here’s what first-time buyers need to know.
What Does “First-Time Buyer Support” Mean in 2026?
First-time buyer support in 2026 includes a mix of government-backed schemes, lender-led mortgage products, and affordability options designed to reduce the upfront cost of buying a home. These are particularly helpful for buyers who can afford monthly payments but struggle to save a large deposit.
High LTV Mortgages: Buying With a Small Deposit
High LTV mortgages have become a major talking point this year, especially with 98% mortgage deals making the news.
A high LTV mortgage means borrowing a large percentage of the property’s value, typically 95% or more, which reduces the size of the deposit you need. For example:
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A 95% mortgage requires a 5% deposit
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A 98% mortgage requires just a 2% deposit
While interest rates on high LTV mortgages are usually higher than those with larger deposits, they can be a lifeline for renters who are paying high monthly rent but can’t save quickly.
These products are best suited to buyers with:
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Stable income
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Good credit history
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A realistic understanding of monthly affordability
Government Schemes Still Supporting First-Time Buyers
Several schemes continue to form part of first-time buyer support in 2026:
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Shared Ownership – Buy a portion of a property and pay rent on the rest, with the option to increase your share over time
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Lifetime ISA (LISA) – A 25% government bonus on savings used toward a first home
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Mortgage Guarantee-style products – Encouraging lenders to offer higher LTV deals
Each scheme has pros and cons, so professional advice is key before committing.
First-Time Buyer “Hacks” to Improve Your Chances
Beyond formal schemes, there are practical ways first-time buyers can improve affordability:
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Using a family gifted deposit (with the right paperwork)
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Improving credit scores before applying
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Choosing longer mortgage terms to reduce monthly payments
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Getting a Decision in Principle early to understand your real budget
These small steps can make a big difference when applying for a mortgage.
Is First-Time Buyer Support in 2026 Right for You?
Not every scheme or high LTV mortgage suits every buyer. The best option depends on income, job security, credit profile, and long-term plans.
What matters most is understanding your options – and getting advice tailored to your situation.
