There are many ways to acquire property in the UK. The common route is a mortgage, with the amount you repay depending on your deposit and income. But there are 17 other pathways – each with its own pros and cons.

1. Cash

If you have the funds, you can acquire a property outright. This speeds things up and gives you negotiating power, though you'll still need to pass financial checks.

2. Auction

Properties at auction often sell for less and close quickly. You need to prepare thoroughly and be ready for potential property issues.

3. Right to Buy Scheme

Council tenants in England and Northern Ireland can sometimes acquire their homes at a discount, though the scheme is limited and not available everywhere.

4. Right to Acquire Scheme

Similar to Right to Buy, but for housing association tenants.

5. Shared ownership

First-time buyers can secure a share of a property (usually 25-75%) and pay rent on the rest, gradually increasing their share over time.

6. Build your own home

Building can be cheaper, but you’ll need to find land, get a special mortgage, and manage the project.

7. Lifetime ISA

If you’re aged 18-40, you can save money in a Lifetime ISA and get a government bonus toward your first home. There are property value limits and penalties for taking the money out early.

8. Guarantor mortgages

A family member or friend “guarantees” your mortgage, helping you get finance even with a lower income. Both of your credit ratings are affected if payments are missed.

9. Shared mortgages

Two or more people take out a joint mortgage, sharing ownership as well as responsibility for repayments.

10. Joint borrower sole proprietor (JBSP) mortgages

Up to four people can help with mortgage repayments, but only one owns the property. Parents often use this to help their children acquire property.

11. First Homes scheme

First-time buyers in England can secure new-build homes at 30-50% off, but there are income and price limits.

12. Security deposit mortgages

A friend or family member can guarantee just the deposit, not the full mortgage.

13. Home Reach scheme

You can part-buy, part-rent new builds through Heylo, with a 5% minimum deposit and income limits.

14. Gradual home ownership

Companies like Wayhome let you secure a share of a property and pay rent on the rest, increasing ownership over time without a traditional mortgage.

15. Affordable housing

Various schemes offer cheaper homes, but supply is limited and competition is high.

16. Specialist finance

Options like bridging loans and buy-to-let mortgages are available for investors, not people acquiring a home to live in.

17. Alternative housing ideas

Log houses, houseboats or converted vans can be cheaper but harder to finance and sell.

Each option has different requirements and consequences down the line, so it’s important to do your research and get professional advice before deciding on the right one for you.