New first-time buyers scheme

A new scheme to help first-time buyers get on the housing ladder is being launched. ITV's Tonight programme has been told Britain's housing market is facing a "perfect storm" with potential buyers and sellers left in limbo and prices flat lining

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Deposit deterring many from owning home

One family struggling to get on the housing ladder spoke to ITV1's Daybreak about the problems they face. James and Sarah live in Stratford-Upon-Avon with their 8-month-old son. Despite wanting to own their own home they have no choice but to rent because they can't afford a deposit. James said:

"At the moment you need minimum 10% if not 15% to 20% deposit to get a decent mortgage rate. And with the price of properties you're looking at £25,000 upwards which is a big sum to save up for people."

James and Sarah live at the rented property with their son Henry Credit: Daybreak

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