Freedom to Buy: Making Homeownership Accessible

The dream of owning a home just got a little easier for thousands of people across the UK. In July 2025, the government officially launched its new Freedom to Buy scheme; a permanent Mortgage Guarantee Scheme designed to help more buyers step onto or move up the property ladder.

What is Freedom to Buy?

This scheme allows first-time buyers and home movers to purchase a property with a deposit as low as 5%. In a housing market where saving for a 10% or 15% deposit can feel impossible, this initiative offers a practical route to homeownership for those who may have struggled to save a large deposit.

How does it work?

Freedom to Buy is backed by the UK government, which guarantees a portion of the mortgage to lenders. This guarantee reduces the risk for banks and building societies, encouraging them to offer 91% to 95% loan-to-value (LTV) mortgages. The result? More mortgage products available to consumers with smaller deposits and more people getting the keys to their own home.

Who is it for?

The scheme is aimed at first-time buyers and existing homeowners looking to move, particularly those who might have been locked out of the market due to high deposit requirements. Whether you’re renting, living with family, or simply unable to save quickly enough to meet traditional deposit thresholds, Freedom to Buy could be the helping hand you need.

Why it matters

Owning a home remains a key financial and emotional milestone for many, and this scheme is part of the government’s broader plan to make homeownership more achievable for everyone. With mortgage rates fluctuating and house prices remaining high in many areas, reducing the upfront barrier of entry can make all the difference.

Get in touch today to find out if you’re eligible and explore how Freedom to Buy could work for you. Let’s take the first step toward your new home.

If you’d like to discuss the options available to you, please contact me today.

Contact Us