28/10/2026
🏡 THE UK BUDGET 2026: WHAT DOES IT MEAN FOR YOUR MORTGAGE?
The Budget has brought some important announcements for the property market, particularly for first-time buyers. 👇
🔑 Your First Home scheme – A new government-backed equity loan scheme aims to help eligible first-time buyers purchase a new-build home with a deposit as low as 2.5%, alongside a 20% equity loan.
💷 Help for first-time buyers – The scheme is backed by £4.7 billion in funding and aims to help around 70,000 households onto the property ladder.
📈 Lifetime ISA changes – From 29 October, the withdrawal charge for eligible Lifetime ISA holders buying a property above the £450,000 limit will reduce from 25% to 20%.
🏠 More affordable housing – An additional £1.5 billion has been announced for social and affordable housing in England.
So, what does this mean for you?
While these announcements could create new opportunities, the right mortgage will still depend on your individual circumstances, affordability and the lenders’ criteria. The new scheme also has eligibility requirements and is not expected to open for full applications until February 2027.
Whether you’re a first-time buyer, looking to remortgage, moving home or reviewing your current deal, getting the right advice is key.
📩 Thinking about your next move?Get in touch today to discuss your options and make a plan that works for you.
Your property goals. Your circumstances. Expert mortgage advice.
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