A first-time buyer is usually desirable to a seller as they do not have to sell a property, and as such will not involve a housing chain.
[13] Grants have not been forthcoming in the rest of the UK, but in July 2007 Housing Minister Yvette Cooper announced it would be broadening the government's Homebuy Shared Equity scheme to help buyers.
"Unless we act now by 2026 first-time buyers will find average house prices are ten times their salary.
[15] In 2016 the UK Government launched the Help to Buy ISA for first time buyers through incentivising them to use savings to fund a deposit on a property.
[19] The First Homes Scheme was launched in June 2021, which enabled first-time buyers, local people and key workers to purchase a property at a discounted rate.