Purple Patch Finance

29/09/2026

29/09/2026

🏡 Could a 2.5% deposit help you buy your first home?

The Government has announced plans for a new “Your First Home” scheme, aimed at helping more first-time buyers in England get onto the property ladder.

Under the proposed scheme, eligible first-time buyers could purchase a qualifying new-build home with:

🔑 A deposit from 2.5%
🏠 A government-backed equity loan of up to 20%
💷 A mortgage for the remaining amount

For example, a 2.5% deposit on a £300,000 property would be £7,500.

⚠️ Important: The scheme has been announced but is not yet available and the final details have not yet been confirmed. Eligibility criteria, household income limits, local property price caps, costs and implementation dates are expected to be confirmed at the Budget.

The equity loan will also be a separate financial commitment that will ultimately need to be repaid, so it’s important to understand how the scheme works before proceeding.

Want to understand your mortgage options and how much you could potentially borrow? Send me a DM.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Mortgage availability and eligibility are subject to individual circumstances, lender criteria and affordability assessments.

17/09/2026

Understanding the current financial landscape is crucial. 🏡 The Bank of England has decided to maintain the base rate at 3.75%. This stability, which has been consistent for nine months, comes as the bank balances economic growth with persistent inflationary pressures, as evidenced by recent CPI data. Stay informed to make confident financial decisions. Purple Patch Finance

​


​

22/07/2026

Inflation update for July 2026

17/06/2026

UK Market Update on Inflation 17 June 2026

13/05/2026

Breaking news: Launch of £5000 deposit mortgage. A great opportunity to get onto the property ladder.... Subject to affordability and credit check.

30/04/2026

22/04/2026

06/02/2025