A new Your First Home scheme has arrived to help first-time buyers navigate the property market, offering an alternative path to homeownership.

Prime Minister Andy Burnham has launched the Your First Home scheme, allowing first-time buyers to secure properties with a 2.5 per cent deposit and a 20 per cent equity loan.

UK lenders are increasingly offering high-loan-to-value mortgages to assist renters with high housing costs. These products require strict affordability checks and carry long-term financial risks.