If you’re a first time buyer, then government-backed schemes can be very helpful to get a better deal on your mortgage.

Help to Buy Basics
The Help to Buy scheme is available only to first time buyers. The government will add to your savings by 25% (up to £3,000) to help you in putting down a larger deposit. You do not have to pay this back. This scheme is available to buyers purchasing a house for up to £250,000 (or £400,000 in London).

Using this scheme will instantly boost your chances of getting a lower rate mortgage deal. If you are just falling short of a 10% deposit for a mortgage, it may be more useful to use this scheme than to opt for a 95% mortgage deal.

Shared Ownership Basics
With a Shared Ownership Scheme, you buy a share of the property (between 25% and 75%) and the rent the rest at a reduced rate.
This scheme is available to you if your household income is below £80,000 a year (or £90,000 in Lodnon).
At a later stage you will be able to buy a larger share in the property.
Most of the houses available on this scheme are new builds, and you will likely be sharing ownership with a housing association.
The details of this scheme varies between countries in Britain, so make sure to research specific to your country.

Remember: No matter what mortgage type or scheme you get on board with, you will ALWAYS be opened up to better deals with a bigger deposit. Make sure you really save up as much as possible.