29/10/2026
🏡 FIRST-TIME BUYERS… THIS ONE’S FOR YOU! 👀🎉
If you’ve been saving for your first home and wondering how on earth you’re ever going to get enough money together for a deposit, today’s announcement might be worth paying attention to!
The Government has confirmed details of its new Your First Home scheme, designed to help more people get onto the property ladder.
And here’s the exciting bit…
Eligible first-time buyers could purchase a home with a deposit as low as 2.5%! 🔑
So, what do we know?
🏡 The scheme will apply to eligible new-build homes in England.
💷 Buyers could receive a government equity loan worth 20% of the property’s value.
❤️ That equity loan will be interest-free for the first five years.
📅 Applications are expected to open in February 2027, with pre-registration planned before the end of this year.
To put that into perspective…
On a £200,000 home, a 2.5% deposit would be just £5,000.
Of course, there are eligibility criteria, including income and property price limits, and the government equity loan must eventually be repaid. You’ll also need to qualify for a mortgage and cover the other costs of buying.
But here’s why we think this is such encouraging news…
For people who have been working hard, paying rent and trying to save for a deposit at the same time, this could open up another route to homeownership. ❤️
And even if this particular scheme isn’t right for you, there may be other mortgage options worth exploring.
So please don’t automatically assume buying your first home is out of reach.
Know someone who’s desperately saving for their first home? Share this with them! 🏡👇
And if you’d like to understand what your options could look like, we’re here to help.
📲 01489 359 100 or drop us a DM.
📌Your home may be repossessed if you do not keep up repayments on your mortgage.