First-time buyers are able to obtain a mortgage that lets them borrow up to 6.5 times their salary while putting down a 5% deposit. One outlet says this allows borrowers to purchase the average first-time buyer home in England using a deposit of about £12,273.
The two provided sources describe the same offer and example figures, with no meaningful differences in reported details. Both focus on the increased borrowing multiple and the low deposit requirement, framing them around what that means for affordability for typical first-time buyer purchases in England. The articles do not add further policy context in the text supplied here, such as lender eligibility rules, interest rates, or changes over time.
Across the sources, the core points align: the borrowing limit is presented as 6.5 times salary and the deposit is presented as 5%.
