29/10/2026
The latest budget announcement could benefit first-time buyers, helping people to get onto the property ladder quicker!
Here’s a quick overview of the key changes:
A new first-time buyer ISA is planned – giving eligible first-time buyers another option to save towards a deposit, with a government bonus.
Lifetime ISA withdrawal charge reduced – the charge is set to fall from 25% to 20%, helping eligible buyers who need to withdraw funds to purchase a property above the existing £450,000 price cap.
New support for first-time buyers – a proposed £4.7 billion ‘Your First Home scheme’ aims to help eligible buyers purchase qualifying new-build homes through a government-backed equity loan.
We will keep an eye out for eligibility and launch dates to help you understand your options and navigate your journey onto the property ladder.
Thinking about buying your first home? Get in touch to discuss your mortgage options.
0330 043 8669
Your property may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from £199 to £499 and this will be discussed and agreed with you at the earliest opportunity.