28/10/2026
🏡 The Government’s ‘Your First Home’ announcement: here’s what we know so far!
Our Sales Manager, Jodie, breaks down the key details of the proposed scheme and what it could mean for first-time buyers looking to get onto the property ladder.
•🏡 For first-time buyers only
• New-build homes in England that meet the eligibility criteria
• Just a 2.5% minimum deposit
• A 20% Government equity loan
• 0% interest on the equity loan for the first 5 years
• You own your home from day one
• Household income limit of £110,000 outside London and £140,000 in London
• Local property price caps will apply
• Applications are expected to open in February 2027
What could this look like in practice?
For a £300,000 home:
• £7,500 deposit
• £60,000 Government equity loan
• £232,500 mortgage
The equity loan is linked to your home’s value, so the amount you repay may increase or decrease over time.
Speak with our Sales Negotiators to find out more! 🏡
