There are many different types of mortgages. Some are designed specifically for first-time buyers, others are designed for landlords, and others still are for remortgaging only.
Mortgages if you are a first-time buyer
First-time buyer mortgages can let you buy a home even if you have a small deposit.
There are also specific mortgages and schemes aimed at helping first-time buyers purchase their first home. These include:
Help to Buy mortgages
These can improve your chances of buying a home if you have a small deposit with help from the government.
Right to Buy
This scheme lets you buy your council house at a discounted price, and you can use the discount as part of your deposit.
These mortgages could help you buy a property with a small deposit if a relative or friend is willing to be named on the mortgage with you and step in if you miss any payments.