Coming Soon
Your First Home Scheme – Upcoming Government Backed First Time Buyer Scheme
The Government’s new Your First Home Scheme is intended to make buying a new-build home more accessible for first-time buyers, with a lower upfront deposit.
It is expected to support first-time buyers in England, particularly those with a regular income who may find it difficult to save a larger deposit.
Who Is Eligible for the Your First Home Scheme?
Full eligibility criteria, including income thresholds and property price caps, are expected to be confirmed by the Chancellor at the Budget in October 2026.
Register your details below to receive updates on the Your First Home scheme as information becomes available.
What Will the Your First Home Scheme Offer?
Based on the details announced by the government so far, eligible first-time buyers could benefit from:
- A deposit of just 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
| Purchase Price | £400,000 |
| 2.5% Deposit | £10,000 |
| 20% Government Equity Loan | £80,000 |
| 77.5% Mortgage | £310,000 |