With only 5% deposit you can move into a KACH home.
How does it work?
When buying a KACH developments home up to the maximum value of £600,000 the Government will lend you up to 20% of the property’s value. This is lent to you as an interest free equity loan, remaining interest free for five years. This means you’ll then only need a mortgage for 75% of the property value, and a 5% deposit.
Who can use it?
There are different types of Help to Buy schemes that have been backed by the Government. The Help to Buy ISA is available for first time buyers, but the Help to Buy Equity Loan is a scheme that’s available to existing home owners too. The HM government, https://www.helptobuy.gov.uk/ page has further information on whether you would be eligible and a helpful mortgage calculator.