Buying your first home is a huge milestone — but for many first-time buyers, it can also feel like an uphill struggle. With rising rents, high living costs, and changing mortgage rates, the dream of owning a home can seem out of reach. But there’s good news: 2025 brings a range of mortgage options, government support schemes, and specialist advice to help you take that first step onto the property ladder.
As a trainee mortgage broker with Empreso, I’ve been learning how the right guidance and strategy can turn uncertainty into opportunity — and I’m here to share what you need to know.
Why First-Time Buyers Need to Be Informed
Lenders today look at more than just your income. They assess your credit score, spending habits, and overall affordability. Before you even begin house-hunting, it’s smart to get a Decision in Principle (DIP) — this shows how much you might be able to borrow and proves to estate agents that you’re a serious buyer.
The First Homes Scheme – An Opportunity to Save Big
One of the most exciting opportunities for first-time buyers in 2025 is the First Homes Scheme. This government-backed initiative offers new-build homes at a 30% to 50% discount compared to the market price. That discount isn’t just a one-off — it stays with the property, helping future first-time buyers too.
Who qualifies?
- You must be a first-time buyer
- You’ll usually need a household income under £80,000 (£90,000 in London)
- Local authorities can prioritise key workers and people with a local connection
For example, if a home is valued at £250,000, under the scheme it might be available for £175,000 — a saving of £75,000. That’s money that could go toward your deposit, moving costs, or furnishing your new home. (T&Cs apply)
Mortgage Products for First-Time Buyers
There are more ways to get help than you might think. Here are just a few mortgage types tailored for first-time buyers:
1. 95% LTV Mortgages: Only a 5% deposit needed — great if saving has been tough.
2. Shared Ownership: Buy a share of a home and rent the rest — ideal for lower-income buyers.
3. Guarantor Mortgages: A parent or family member helps boost your borrowing power.
4. Joint Borrower, Sole Proprietor Mortgages: A loved one helps with repayments but doesn’t co-own the home.
Each of these has pros and cons, so it’s important to speak with a mortgage adviser who can guide you based on your personal circumstances.
What You Really Need: Realistic Expectations and a Trusted Adviser
Getting a mortgage is not just about ticking boxes. It’s about building a plan that fits your lifestyle, your income, and your future goals. One thing I’ve learned during my training at Empreso is that realistic expectations make all the difference. This means:
- Being open to different locations
- Understanding what your deposit can afford
- Budgeting for the full cost (legal fees, surveys, moving, etc.)
You don’t have to figure it all out alone — that’s what we’re here for.
Final Thoughts
First-time buyers have more support than ever in 2025 — but only if you know where to look. From 95% mortgages to the First Homes Scheme, the key is understanding what’s available and what fits your financial situation. With the right advice and planning, buying your first home can move from a distant dream to a reality.
If you’re thinking about taking that first step, now’s the time to start the conversation. Get in touch today and let’s talk about how we can help you move forward
Keerthikan Jasydaran is an Associate Partner at Empreso and CeMap qualified, currently training in mortgages and financial protection. With a strong foundation built through CeMAP and hands-on experience
Author: keerthikan
Associate Partner