28/10/2026
🏡 Your first home could be closer than you think.
The government’s Your First Home scheme aims to help eligible first-time buyers purchase a new-build home in England with a smaller deposit.
Here’s how it could work:
🔑 A minimum deposit of 2.5%
🏠 A government equity loan worth 20% of the purchase price
📅 No interest on the equity loan for the first five years
For a £250,000 home, that would mean:
• Your deposit: £6,250
• Government equity loan: £50,000
• Mortgage required: £193,750
This is an illustrative example. Other purchase costs will apply, and the equity loan must be repaid.
Pre-registration is due to open before the end of 2026, with applications expected in February 2027. Pre-registering won’t commit you to buying through the scheme.
Eligibility criteria, household income limits, local property price caps and mortgage affordability checks will apply. Full scheme terms and guidance will be published before applications open.
https://www.gov.uk/government/publications/your-first-home
Swipe through for the key details and example ➡️
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.