First-time buyer help in London: scheme allows buyers to save deposit while living rent-free

With the end of Help To Buy Equity Loans, increasingly stringent mortgage affordability checks and rents in the capital skyrocketing by 16.1 per cent in the last year, it feels like it’s never been harder for Londoners to get on the property ladder.A new, one-of-a-kind scheme, launching today, however, may offer a glimmer of hope to those wondering if they’ll ever own a home. Developer Fairview New Homes has unveiled its ‘Save To Buy’ scheme, which aims at helping those simultaneously trying to save for a deposit while also paying out for rent.