Help For Home Buyers

First-time buyers in Leicestershire can apply for mortgages under a new scheme being launched today which require as little as a £5,000 deposit, half the amount that would usually be required.

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Reduced mortgages scheme: "I only need to save £4500 instead of £10,000":

Christina East will benefit from a new scheme for first time buyers launched by Leicestershire County Council. Savers can apply for mortgages which require as little as a 5% deposit, half the amount normally required.

The council and Lloyds TSB hope to help 400 new buyers onto the property ladder with the 'Lend a Hand' scheme.

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First-time buyer hopeful after new mortgage scheme is launched

Christina is hoping to buy her first property thanks to a new scheme in Leicestershire Credit: ITV Central

First-time buyers in Leicestershire can apply for mortgages which require only a 5% deposit, designed to help more people onto the property ladder.

This is first-time buyer Christina East looking at properties in an estate agents.

Christina is hoping to buy under the new scheme run by Leicestershire County Council & Lloyds TSB which will allow her to borrow 95% of the value of the mortgage rather than 90%.