04/11/2026
A smaller deposit could open the door to your first home. 🏡
Saving for a deposit while paying rent can make owning a home feel a long way off.
The government’s newly announced “Your First Home” proposal could give eligible first-time buyers in England another route, with:
🔑 A proposed deposit of 2.5%
🏠 An eligible new-build home from a participating developer
🤝 A 20% government-backed equity loan alongside a mortgage
The equity loan would need to be repaid. Household income and local property price limits would also apply.
Latest Scheme Update: Following the October 2026 Budget, pre-registration is expected by December 2026, applications are set to open in February 2027, and the first home purchases are anticipated from April 2027. Dates remain subject to confirmation.
But you can start preparing now.
Understanding your budget, reviewing your deposit and exploring what you might be able to borrow can help you make a clearer plan for your first home.
I can help you understand your current mortgage options and what to look out for as more details become available.
📩 Message AL with “FIRST HOME” to arrange a short conversation about your deposit, affordability and next steps.
Mortgage approval is subject to eligibility, affordability and lender criteria. Other purchase costs will apply in addition to the deposit.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Supreme Financial Solutions Ltd is an Appointed Representative of The Openwork Partnership, a trading style of Openwork Limited, which is authorised and regulated by the Financial Conduct Authority.
Approved by The Openwork Partnership 04/11/2026