Buying on the open market may seem impossible if property in your area is expensive. However there are government-backed ownership schemes that can help you get a foot on the housing ladder.
With NewBuy and FirstBuy, for example, it's possible to buy a newly-built home with a deposit of just 5% if you're a UK citizen.
There are also separate schemes for ex-service personnel.
Gives an overview of the different home ownership schemes available and how they operate.
Under this scheme, the amount of rent you pay is between what a housing association and a private landlord would normally charge.
Help to Buy is a shared equity scheme to help first time buyers and movers to buy a new build home from April 2013, and a mortgage guarantee scheme from 2014
FirstBuy is an equity loan home ownership scheme, available for two years from September 2011.
NewBuy is a scheme to help first time buyers and home owners buy a new build house. See our information about NewBuy.
Under the New Build HomeBuy scheme, newly built homes or renovated properties are sold on a shared ownership basis. The lease usually lasts for 99 years.
Social HomeBuy gives eligible council and housing association tenants the opportunity to buy a stake in their current home.
This is a home ownership scheme, which allows people with a long-term disability to buy a share of between 25 and 75 per cent under the HomeBuy scheme. This is known as the HOLD scheme.
Older Persons Shared Ownership is a Help to Buy scheme to enable people aged 55 and over to buy a home on a shared ownership basis.
This scheme is designed to free up council and housing association properties so they can be offered to people on housing waiting lists.
HomeBuy Direct is a shared equity scheme for new-build properties.