If you live in the United Kingdom and would like to get your foot on the first rung of the property ladder, there is good news for you. The good news comes from a new scheme set up by the government and house builders for British homebuyers. One of the biggest problems British families who wish to buy a home face is the lack of savings to pay for a down payment. They might have the monthly income to pay for a mortgage but not enough savings to pay for 10 to 20 percent of the house’s price as down payment. This is not only in a nuisance for families wishing to own their own house, it also slows down the recovery of the real estate sector, which needs all the eligible buyers it can get its hands on.