Your First Home at The Exchange, Watford

The Government’s Your First Home scheme could help you buy an eligible new-build apartment at The Exchange, Watford with selected 1 and 2 bedroom apartments available from £357,500.

Purchasing through Your First Home will remain subject to the final scheme requirements, confirmation of your eligibility, mortgage approval and completion of the application process.

Get one step closer to owning Your First Home.
Register your interest to find out how the scheme could help you buy a new home at The Exchange.

Register Interest

Your First Home at The Exchange: Key Details

Modern living and dining room with a cream sofa, wooden coffee table, round mirror and warm brown feature wall.

How Does it Work?

Based on the details announced by the government so far, eligible first-time buyers could benefit from:

  • A minimum deposit of 2.5% towards a brand-new home
  • A government equity loan of up to 20% of the purchase price
  • A mortgage to fund the remaining balance
  • An initial interest-free period on the government equity loan

Final eligibility criteria and full scheme details are still to be confirmed once they are announced. 

Example of Your First Home Purchase at The Exchange

 Purchase Price   £357,500
 2.5% Deposit  £8,937.50
 20% Government Equity Loan  £71,500
 77.5% Mortgage  £277,062.50

 

Based on the scheme details announced so far, an eligible buyer purchasing a 1 bedroom apartment for £357,500 could require a mortgage of approximately £277,062.50.

This example is for illustration only. Your eligibility, mortgage availability and affordability will depend on your individual circumstances, the final scheme requirements and the criteria of participating lenders.

You should consider obtaining independent mortgage and financial advice.

Eligible Homes

The homes shown below have been selected by Berkeley for purchase through Your First Home and are currently available.
Select ‘View property’ to find out more about each home.

First-Time Buyer Homes at The Exchange, Watford 

The Exchange is a new community close to Watford centre and Watford Junction station.
The development includes apartments set around landscaped open gardens, with selected two-bedroom apartments available through Your First Home.

Why Consider The Exchange, Watford for Your First Home?

An image of a woman sat outside the Watford Junction station

Perfectly positioned in the heart of Watford, just moments from Watford Junction, offering direct trains to London Euston every 15 minutes.

An interior image of resident amenities at The Exchange

The Exchange, Watford offers hotel style resident amenities for everyday convenience, including a gym, 24-hour concierge, residents’ lounge, meeting room and screening room. 

An exterior image of the Landscaped Gardens at The Exchange

The development features 1.6 acres of landscaped squares and public open space and includes both roof and podium gardens for residents. 

An aerial photograph of Watford

Watford has been voted #2 as the Best Place to Live and Work outside London, marking four successive years of top-three placings. 

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Disclaimers

Your First Home is a new Government scheme expected to open for applications in February 2027, with customer pre-registration due to open before the end of 2026. Eligibility criteria apply and the scheme will only be available on eligible new-build homes within applicable Government property price caps and from participating developers. Full guidance, terms and conditions have not yet been published and scheme details may be subject to change. Registering your interest or pre-registering does not guarantee eligibility or commit you to purchasing a home through the scheme. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. Visit
Your First Home - GOV.UK for more information

Where applicable, images, CGIs and photography are indicative only.
Site Plans / Site Maps are indicative only and subject to change [and subject to planning]. In line with our policy of continuous improvement, we reserve the right to alter the layout, building style, landscaping and specification at any time without notice.
Your attention is drawn to the fact that in rare circumstances it may not be possible to obtain the exact products or materials referred to in the specification. Berkeley Group plc reserves the right to alter, amend or update the specification, which may include changes in the colour, material and / or brand specified. In such cases, a similar alternative will be provided. Berkeley Group plc reserves the right to make these changes as required. A number of choices and options are available to personalise your home. Choices and options are subject to timeframes, availability and change.
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