Lloyds estimates that around 270,000 first homes valued at \u00a3300,000 or below were purchased with a mortgage in 2025.<\/p>\n
Regional data from the latest Halifax House Price Index<\/a> shows that in most areas outside Greater London and the South East, average first-time buyer house prices<\/a> fall within the scheme’s eligibility threshold.\u00a0<\/p>\n
Lloyds noted that any property priced between \u00a3100,000 and \u00a3300,000 would carry a lower deposit requirement under this product than under a standard 95% LTV mortgage.<\/p>\n “With this new offer, brokers have a new option for buyers who have shown their ability to manage their finances, save for a deposit themselves, and who are taking the greater certainty of a longer-term fixed rate,” Bryden said. “A lower deposit can make it easier to save for a deposit for many, or it can help free up cash for other costs, like conveyancing or setting up your new home the way you want it.”<\/p>\n Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox \u2013 subscribe to our FREE daily newsletter<\/a>. You can also follow us on Facebook<\/a>, X (formerly Twitter)<\/a>, and LinkedIn<\/a>.<\/p>\n
\n\t
\n\t\t
\n\t\t\tRegional average FTB house prices and 5% deposit
\n\t\t
\n\t\t
\n\t\t\tRegion
\n\t\t\tAve. FTB House Price
\n\t\t\t5% Deposit
\n\t\t\tReduction vs \u00a35k deposit
\n\t\t
\n\t
\n\t
\n\t\t
\n\t\t\tEast Midlands
\n\t\t\t\u00a3204,687
\n\t\t\t\u00a310,234
\n\t\t\t\u00a35,234
\n\t\t
\n\t\t
\n\t\t\tEastern England
\n\t\t\t\u00a3274,631
\n\t\t\t\u00a313,732
\n\t\t\t\u00a38,732
\n\t\t
\n\t\t
\n\t\t\tGreater London
\n\t\t\t\u00a3464,646
\n\t\t\t\u00a323,232
\n\t\t\tN\/A
\n\t\t
\n\t\t
\n\t\t\tNorth East
\n\t\t\t\u00a3143,928
\n\t\t\t\u00a37,196
\n\t\t\t\u00a32,196
\n\t\t
\n\t\t
\n\t\t\tNorth West
\n\t\t\t\u00a3201,120
\n\t\t\t\u00a310,056
\n\t\t\t\u00a35,056
\n\t\t
\n\t\t
\n\t\t\tNorthern Ireland
\n\t\t\t\u00a3195,981
\n\t\t\t\u00a39,799
\n\t\t\t\u00a34,799
\n\t\t
\n\t\t
\n\t\t\tScotland
\n\t\t\t\u00a3168,793
\n\t\t\t\u00a38,440
\n\t\t\t\u00a33,440
\n\t\t
\n\t\t
\n\t\t\tSouth East
\n\t\t\t\u00a3302,396
\n\t\t\t\u00a315,120
\n\t\t\tN\/A
\n\t\t
\n\t\t
\n\t\t\tSouth West
\n\t\t\t\u00a3241,949
\n\t\t\t\u00a312,097
\n\t\t\t\u00a37,097
\n\t\t
\n\t\t
\n\t\t\tWales
\n\t\t\t\u00a3198,283
\n\t\t\t\u00a39,914
\n\t\t\t\u00a34,914
\n\t\t
\n\t\t
\n\t\t\tWest Midlands
\n\t\t\t\u00a3219,581
\n\t\t\t\u00a310,979
\n\t\t\t\u00a35,979
\n\t\t
\n\t\t
\n\t\t\tScheme Max.
\n\t\t\t\u00a3300,000
\n\t\t\t\u00a315,000
\n\t\t\t\u00a310,000
\n\t\t
\n\t\t
\n\t\t\tSource: Halifax House Price Index<\/a> April 2026
\n\t\t
\n\t
<\/p>\n